According to mainland media, in the first three weeks of May this year the four state-owned banks lent 120 billion yuan. When the market was worried about the economic slowdown, in one week they lent more money than the three prior weeks combined, lifting the total for all of May.They're down to their last bullet: inflation.
iFeng: 陶冬:5月最后一周贷款暴涨 央行货币政策一年四次摇摆
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