China continues to pump up its economy with liquidity

China continues to pump up its economy with liquidity

Chinese authorities continue to stimulate the economy ignoring the rapid growth of corporate debt. According to data released by the People's Bank of China, the volume of lending in the economy, including non-bank financing, rose by more than 1.72 trillion yuan last month exceeding the forecasts for growth of 1.4 trillion yuan. Moreover, this figure was significantly higher than the lending volume recorded in August which amounted to 1.47 trillion yuan.