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Posted: Wed 13:21, 13 Nov 2013 Post subject: when new loans reached $223 billion |
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Lending rises, as the economy's slowing growth turns around
BEIJING, Feb. 9 () -- Lending is on the rise in China as the economy rebounds from a seven-quarter trend of slower growth, the People's Bank of China said.Lending rose to $170.4 billion in January,[url=http://www.chronotime.net/]cheap christian louboutin shoes[/url], a $53.5 billion increase from January 2012, the central bank said.Lending was the highest since January 2010, when new loans reached $223 billion, China's official Xinhua news agency reported Saturday.China's gross domestic product rose at an annual rate of 7.9 percent in the fourth quarter. It was the first year-over-year acceleration in nearly two years.
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