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Lending rises in China

Published By United Press International
BEIJING, Feb. 9 (UPI) -- Lending is on the rise in China as the economy rebounds from a seven-quarter trend of slower growth, the People's Bank of China said.

Lending rose to $170.4 billion in January, a $53.5 billion increase from January 2012, the central bank said.

Lending was the highest since January 2010, when new loans reached $223 billion, China's official Xinhua news agency reported Saturday.

China's gross domestic product rose at an annual rate of 7.9 percent in the fourth quarter. It was the first year-over-year acceleration in nearly two years.
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Race winner Bradley Wiggins of Great Britain (C) stands between second place finisher Christopher Froome of Great Britain (L) and third place finisher Vincenzo Nibali of Italy on the presentation podium following the final stage of the Tour de France in Paris on July 22, 2012. Wiggins of Great Britain became that country's first ever overall winner of the Tour de France. UPI/David Silpa