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The government's efforts to curb lending could, however, subtract quite a lot from growth.
The other is the likely economic hit as banks in the euro zone curb lending significantly.
Banks say that new capital requirements will force them to curb lending to consumers and businesses, hurting economic growth.
Stock markets in the United States rose while the dollar fell and commodities rebounded from an early slump led by China's efforts to curb lending.
The People's Bank of China is therefore likely to raise interest rates and to introduce further, stricter quantitative measures to curb lending to the hottest sectors.
So far, officials in China have discussed imposing price controls, and its central bank has increased reserve requirements for financial institutions, in an effort to curb lending.
Similar(33)
As inflation pushes higher, the Chinese government has curbed lending by the banks.
Monetary authorities drained some liquidity from the market, curbed lending and asked banks to show restraint.
Some say they are curbing lending while continuing to dish out millions in executive pay.
Banks increased lending during the second quarter by $102 billion, or 1.4 percent, after curbing lending in the first quarter.
The government finally began to cool property prices in the second half of 2011 after sharply curbing lending to prospective homebuyers and forcing banks to set aside more money in reserve.
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