China lending seen falling in June, but real estate borrowing remains high

07/3/2013 | Caijing Magazine online

Chinese bank lending may have slowed in June, to about 800 billion yuan, down from 900 billion yuan a year earlier, according to an estimated by Economic Information Daily. The data also pointed to local governments and real estate developers as the biggest borrowers in June. "The condition ... needs to be closely watched, especially in several shareholding lenders, because it is both unsustainable and risky," one source said.

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