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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.

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.

   

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