Chinese banks advanced a record $1.27 trillion yuan (i.e. US $ 181 billion dollars) of new credit in the first nine months of the year, an increase of about 150 percent from a year earlier, prompting the nation’s banking regulator to warn of rising risks.
This is more than the cumulative advance of all Indian Banks cumulative till date.
The next bubble would surely be closer home
1 comment:
As would go with Chinese economic data. Now the figure of bank lending is US $ 1.27 trillion for the first nine months of 2009.
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