Sub-prime, China style
Chinese banking: The search for fees
China Life toughs out volatile markets
Zhu Min, Bank of China: What China’s banks have learned from the crisis
LEVERAGE IS BACK – at least in China. In just the first two months of the year, China’s banks advanced a mind-boggling Rmb2.7 trillion ($390 billion) of new loans. That amounts to more than 10% of China’s GDP.
The banks aren’t finished yet. Prime minister Wen Jiabao has set a new loan growth target of Rmb5 trillion for 2009 to support his government’s Rmb4 trillion economic stimulus package, which was announced last November. It’s enough to make the west’s leaders cast an envious eye towards Beijing as they struggle to encourage their banks to increase new loans.
The lending spree in China, however, has reignited concerns about an issue that has...
Please log in now to view.
Enter your username (email address) and password at the top right-hand side of euromoney.com.
If you do not currently have access to this content, visit the subscription page or call our hotline on +44 (0)207 779 8999.
Subscribe online now and save up to 30%
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
- 12 months access in print and online - on euromoney.com, read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 1996
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe