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China's trade growth rebounded strongly in December but analysts warn it will be hard to sustain that momentum due to weak demand in key U.S. and European markets. Bank lending, an indicator of investment sentiment, rose 15 percent in the second half of last year but growth slowed in December, the government reported this week. Last month's lending was down 13 percent from November. "Stronger growth in China is being reflected in rising imports. But with credit growth leveling off, a strong and sustained economic rebound does not seem likely," said Mark Williams of Capital Economics in a report. Weak trade means China has to rely on domestic consumption that is growing more slowly than authorities want and a flood of government-led investment. The communist government spent 2010-11 tightening economic controls to crush inflation fueled by stimulus spending and bank lending following the 2008 crisis. Authorities eased some controls in late 2011 after exporters were battered by a plunge in global demand but have avoided a repeat of their huge stimulus.
[Associated
Press;
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