Shanghais banks lend more in Q1 to boost economy
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April 21st, 2009
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BEIJING, April 15 — New yuan lending surged in Shanghai in the first quarter as banks pumped in liquidity to boost the economy, the Chinese central bank said yesterday.
Banks in Shanghai issued total new yuan-backed lending of 228.1 billion yuan in the first three months of this year, up 136.4 billion yuan from a year ago, the Shanghai headquarters of the Peoples Bank of China said yesterday in a statement.
The new yuan loans were mainly offered to the infrastructure, leasing, real estate and
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