facebook
twitter
rss
account
search
search

Lending rises in China

Feb. 9, 2013 at 1:51 PM   |   Comments

BEIJING, Feb. 9 (UPI) -- 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, 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.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Army receives first advanced CH-47F helicopter variant
2
Iraq seeks U.S. missiles, helicopter support
3
Best Buy CEO: Tablet sales are crashing
4
Airbus retrofits Royal New Zealand Air Force helicopters
5
API raises bar on oil spill response
Trending News
Video
x
Feedback