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China bank lending in Sept hits US$140b
But more monetary easing is needed to bolster weakening economy, say analysts
Add BT as a preferred sourcePublished Thu, Oct 16, 2014 · 09:50 PM
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Shanghai
CHINA'S banks stepped up their lending in September, the central bank announced on Thursday, but analysts said more monetary easing was needed to bolster the weakening economy.
Domestic banks extended US$139.9 billion in new loans, the People's Bank of China (PBOC) said in a statement, up more than a fifth from the 702.5 billion yuan (S$146.3 billion) lent in August.
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