China to expect uninterrupted but more balanced growth in 2010

As regulators in China endeavour to control bank lending, 2010 will be a year of balanced growth for China, says J.P. Morgan's Jing Ulrich.

Last year, loan growth in China was up by 33% in the third and fourth quarters, compared to an average growth rate of 18% over the past six years. Although lending growth came off slightly in January, it was well above the 24% growth rate during the previous loan cycle peak in 2003.

This year, we expect that lending growth will slow to about 17% as Chinese policymakers look to curb liquidity, Jing Ulrich, J.P. Morgan's chairman of China equities...

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