According to Reuters, China's GDP growth finished 2009 with a year-on-year growth of 8.7%, surpassing the 8% target, with Q4 year-on-year growth accelerated to 10.7%. China also revised some previous GDP growth number: GDP growth for Q1, 2009 revised up to 6.2% from 6.1%; growth for Q3 2009 revised up to 9.1% from 8.9%. There is an acceleration in consumer inflation from November's 0.6% to 1.9% in the 12 months ending in December. In addition, both December CPI and PPI show strong inflationary pressure. This does not bold well for bank lending as China is now draining liquidity from the market and trying to tame the potential inflation ahead of the curve that might create additional asset bubble in China.