14 Dec '11, 9pm

China banks' new loans breach expectations again: BEIJING - Chinese banks' new loans edged down to 562.2 billion...

BEIJING - Chinese banks' new loans edged down to 562.2 billion yuan (S$115.2 billion) in November from 587 billion yuan in October, the central bank said yesterday. However, the bank loans were still higher than the 550 billion yuan expected by analysts. This is the second straight month new loans have surpassed expectations, and shows that the authorities have been encouraging lending as credit growth typically falls towards the year-end. At the same time, M2, the broad measure of money supply, slipped to 12.7 per cent annually after rising 12.9 per cent in October. "The November bank loans and money supply showed that China's monetary policy has started to ease. But the easing is not enough to stop the economic slowdown from accelerating," said Mr Tang Yunfei, an economist with Founder Securities. "In the coming months, we expect to see more policy easing and bank loans ...

Full article: http://www.todayonline.com/Business/EDC111215-0000060/Chi...

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Okay, for those who are still awake!

Okay, for those who are still awake!

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