China will also participate in QE to Infinity....AND BEYOND!!!!
The stronger-than-expected lending and money supply figures suggested that Beijing is firmly on track to unveil more pro-growth steps as inflation eases, which reduce the risk of a hard landing in the world's second-largest economy.
Contrary to its usual practice, the central bank did not release foreign exchange reserve figures along with money supply and lending data. The bank did not say when those numbers would be released.
Analysts widely expect the central bank to cut the amount of cash that banks must hold as reserves again this month as a way of pumping more loans into the economy.
Beijing cut banks' reserve requirements by half a percentage point on the last day of November, its first in three years.
The move indicated China's central bank is shifting its policy to a pro-growth model, although the central bank continues to label its policy as "prudent," which suggests it is only easing policy gradually as it wants to tame the property sector and also fears that inflation may rebound.Read more:
