Bank Lending Rises in May

Despite reports by state media last month that China’s “Big Four” banks had made almost no new loans in the first half of May, Reuters reports that bank lending for the month rose more than expected: New loans...

Gady Epstein: Chinese Credit

This is the cover story of Forbes Magazine on March 16, 2009: Anyone who thinks China has avoided the kind of creative financing that got the Western financial world in trouble surely hasn’t met Zhang Kaiyong, chairman of...

China Moves to Tighten Credit Amid Fears of Overheating – Jane Padgham

From The Independent Online: China yesterday tightened its grip on credit in an attempt to prevent the torrent of cash generated by its ballooning trade surplus from overheating the economy. In a surprise announcement on the eve of the Chinese new year holidays, the People’s Bank of China ordered lenders to park another half a […]

Official: 3 reasons behind dropping consumption – Xiandai Kuaibao

From Xiandai Kuaibao via Xinhua News Agency (in Chinese), translated by CDT (link): Three reasons are behind the dropping consumption among Chinese and rising deposits: unstable income level, uncertain spendings and unsound consumption credit system. People have to increase their deposits, as a result of increased uncertainty in their job stability, as more competition is […]

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