China bank lending picks up in September: central bank

Domestic banks extended 857.2 billion yuan (US$139.9bil) in new loans, the People's Bank of China (PBoC) said in a statement, up more than a fifth from the 702.5 billion yuan lent in August - AFP Photo.

SHANGHAI: China's banks stepped up their lending in September, the central bank announced Thursday, but analysts said more monetary easing was needed to bolster the weakening economy.

Domestic banks extended 857.2 billion yuan (US$139.9bil) in new loans, the People's Bank of China (PBoC) said in a statement, up more than a fifth from the 702.5 billion yuan lent in August.