Lending by Chinese banks fell 43% in the 1Q from a year earlier as the government winds down its stimulus and tries to cool a credit boom, central bank data showed Monday. Banks lent 2.6 trillion yuan ($380.7 billion) in the January-March quarter, the People's Bank of China said on its Web site. That compared with 4.6 trillion yuan ($670.6 billion) in loans in the 1Q of 2009 as banks ramped up loans for construction and other projects as part of a 4 trillion yuan ($586 billion) stimulus.
Related ETF`s: iShares FTSE/Xinhua China 25 Index (ETF) (Public, NYSE:FXI) and PowerShares Gld Drg Haltr USX China(ETF) (Public, NYSE:PGJ)
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