Agence France-PresseFebruary 16, 2014 01:48
China's bank lending surged in January from December, the central bank said, but analysts attributed the rise to seasonal factors.
Loans by Chinese banks reached around 1.3 trillion yuan ($216 billion) in January, up 246.9 billion yuan from the same month a year ago, the People's Bank of China said in a statement late Saturday.
In December, banks granted just 482.5 billion yuan in new loans, previous figures showed.
The January lending figure beat the 1.1 trillion yuan median forecast by 11 economists polled by Dow Jones Newswires.