Chinese bank lending soared to ¥1T ($160B) in March, far higher than expectations for ¥800B....

|By:, SA News Editor

Chinese bank lending soared to ¥1T ($160B) in March, far higher than expectations for ¥800B. Sources say Beijing has set a target of ¥8T in lending this year (against ¥7-7.5T in 2011). Money supply growth in March was 13.4% Y/Y, up fro 13% previously.