China haalt 800 mld yuan op bij bevolking

China’s new local-currency loans exceeded estimates last month while money supply expanded at a faster pace, a sign policy makers are maintaining credit support for the economy after first-quarter growth unexpectedly slowed.

Lending was 792.9 billion yuan ($129 billion) in April, the People’s Bank of China said yesterday in Beijing, compared with the median estimate of 755 billion yuan in a Bloomberg News survey. M2 money supply rose 16.1 percent from a year earlier, following March’s 15.7 percent advance.

Inflation that’s run below the government’s annual goal every month this year has allowed the central bank to keep credit flowing as a recovery in the world’s second-biggest economy threatens to falter. At the same time, the lending growth and expansion of so-called shadow banking may increase risks in the financial system that new leaders including President Xi Jinping are trying to control.