Bank lending in China continues to plow ahead, ignoring tepid attempts by Beijing to curb credit...

|By:, SA News Editor

Bank lending in China continues to plow ahead, ignoring tepid attempts by Beijing to curb credit growth. New loans in June hit nearly $100B, well ahead of forecasts, and M2 rose by a greater-than-expected 15.9%. Some analysts say the figures show China is already taking its foot off the brake pedal.