Saturday, April 25, 2009

Chinese Lending to Slow

Lending is expected to slow in China for the rest of this year.

In the first quarter of this year, the country's new loans hit a record high of RMB 4.58 trillion, up 29.8% year on year, the highest since 1994.

In a related story, Chinese shares were down in trading on Friday on fears that the lending growth might not be sustained.

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