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China's faster lending in May seen helping steady economy

Friday, June 13, 2014  
Posted by: Alisa Allen
China's new bank lending and money supply rose faster than expected in May, as the government ramps up policy stimulus measures to energize a slowing economy. The central bank data released on Thursday added to reassuring signs that the world's second largest economy is pulling out of its soft patch -- first quarter growth of 7.4 percent was the slowest in 18 months - but the recovery appears patchy.

http://www.reuters.com/article/2014/06/12/us-china-economy-moneysupply-idUSKBN0EN0ZO20140612


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