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By
Chris Oliver
HONG KONG (MarketWatch) -- Lending by Chinese banks rose 700.1 billion yuan ($102.5 billion) in February, while money supply as measured by M2 was up 25.5% during the month from a year earlier, according to National Bureau of Statistics data released Thursday. The figures beat median analyst forecasts for lending growth of 675 billion yuan and an M2 expansion of 25%, according to a survey by Dow Jones Newswires. Other data released Thursday showed industrial production in the first two months of the year expanded 20.7% from a year earlier, picking up from an 18.5% rise in December. That exceeded median estimates of 19.5% for the period in a survey by Dow Jones Newswires.
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