Chinese banks lent 516.7B yuan ($75.68 billion) in September, up from 410.5B in August, bringing...

|By:, SA News Editor
Chinese banks lent 516.7B yuan ($75.68 billion) in September, up from 410.5B in August, bringing the nine-month total to 8.65T - a rise of 149.1%. "While the period of ultra-rapid credit expansion has passed, concerns about policy tightening in the short term appear to be overdone," JPMorgan said in a note this morning.