SteelOrbis Shanghai
During the first 20 days of January 2009, Chinese financial institutions granted a total of RMB 900 billion ($131.8 billion) in new loans, marking a new high in the history.
Since the loosening of the central bank's monetary control over the levels of credit issued by the commercial banks, financial institutions' new loans have seen an overall rise, with the loans up to RMB 476.9 billion ($69.8 billion) in November and to RMB 771.8 billion ($113 billion) in December.