摘要
Bank lending turns lackluster in China as the country gears up to tame lingering inflation. Despite a weakened U.S. economy, China continues increasing its holdings of U.S. Treasury securities. State-owned enterprises are losing some momentum, as a result of cost inflation. Telecom equipment maker Huawei fares well, drawing strength from booming consumer device businesses. Chinese companies are expected to accelerate their pace of venturing overseas.
Bank lending turns lackluster in China as the country gears up to tame lingering inflation. Despite a weakened U.S. economy, China continues increasing its holdings of U.S. Treasury securities. State-owned enterprises are losing some momentum, as a result of cost inflation. Telecom equipment maker Huawei fares well, drawing strength from booming consumer device businesses. Chinese companies are expected to accelerate their pace of venturing overseas.
