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

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.
Comments (7)
  • phdinsuntanning
    , contributor
    Comments (1200) | Send Message
    time to buy some pigs
    12 Apr 2012, 11:23 AM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
    this is news indeed.


    12 Apr 2012, 12:00 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
    odd how the most significant news of the day - at least to me - gets no comment.




    12 Apr 2012, 12:10 PM Reply Like
  • Angel Martin
    , contributor
    Comments (1293) | Send Message
    Econdoc, it's not surprising to me


    there is typically a 2-3 year lag between when prices in a real estate bubble peak, and when the stock market crashes


    often, you can have stocks going up like a rocket while real estate is actually declining (USA 1926-29, Tokyo 1988-90)


    now, one might argue that china was not a real estate bubble... but my guess is that it was.
    12 Apr 2012, 07:33 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9923) | Send Message
    Perhaps China needs more lending to cover the rise in inflation in the country.
    12 Apr 2012, 02:09 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
    Spinning this as purely bullish news has faults; the market is certainly interpreting it that way. CE. Will the GDP figure tonight be real or imaginary and how will this manic-depressive market interpret it?
    12 Apr 2012, 02:19 PM Reply Like
  • The_Hammer
    , contributor
    Comments (3810) | Send Message
    Bernank gave'em a pep talk. No wonder commodities are bouncing 3-4-5%+.
    Bet against CBers has been painful for shorts. Learned not to under estimate the "ego" of Bernank
    12 Apr 2012, 03:37 PM Reply Like
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