Chart of the Day: Look at this ballooning trend in volume loans to China since 2009

It has rocketed 68.7%.

According to Maybank Kim Eng, since end-2009, China has become an increasingly important lending destination for Singapore banks. 

The total volume of loans – interbank loans, non-bank loans and trade bills – to the country grew at an impressive 68.7% CAGR during this period.

Here's more from Maybank Kim Eng:

At the same time, the composition of loans extended to China underwent a significant change. Trade bills overtook interbank loans in 2010 as the primary lending source.

Currently, they account for 65% of total loans to China, representing a significant jump from 18% in the pre-GFC era (Figure 2). As a result, China, once a net lender to Singapore, has become a net borrower from Singapore.