Credit growth is shot in financial arm

China's credit expansion aims to strengthen the real economy's growth in the coming months, accompanied by the fine-tuning of the central bank's monetary policy and the deepening of reforms to facilitate the deleveraging process.

Recent discussions among financial experts focused on the new trend of bank lending showing strong growth momentum even as the money supply shrunk significantly.

According to data released by the People's Bank of China, the central bank, Chinese banks extended 11.16 trillion yuan ($1.69 trillion) in new loans in the first three quarters of this year, 998 billion yuan more than the loans in the same period last year.