Infrastructure receives most of loans from Chinese banks

08/31/2009 | Economist (free content), The

There is no truth to the claim that 20% of new loans by Chinese banks this year went into the stock market, said UBS economist Tao Wang. If all of the new money put into China's stock market is added to the value of metal imports, the total comes to less than 10% of 2009's new lending. Most of the money went into the real economy, principally infrastructure, Wang said.

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Economist (free content), The