(Bloomberg) -- U.S. short sellers are fleeing fast from China's biggest stocks as a surge in new credit stokes growth in the world's second-largest economy. Bearish bets on the iShares China Large-Cap ETF dropped to 3.2 percent of shares outstanding last week, data compiled by Markit Ltd. and Bloomberg show. Separate reports showed that second-quarter gross domestic product increased more than forecast, while lending in June exceeded all forecasts in a Bloomberg survey.
To contact Bloomberg News staff for this story: Sunny Oh in New York at hoh21@bloomberg.net. To contact the editors responsible for this story: Nikolaj Gammeltoft at ngammeltoft@bloomberg.net, Richard Richtmyer
With assistance from Sunny Oh
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