Economist Say 2010 Optimal New Lending at 8 Tln Yuan
11-13 12:51 Caijing
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» China's new loans should be about 8 trillion yuan (US$ 1.2 trillion) in 2010, to avoid a repeat of the credit oversupply that happened in the first half of 2009, a senior official with a government think tank said at an economic forum on Thursday.
» Fan Jianping, chief economist with the State Information Center under the National Development and Reform Commission, said China should set a 2010 growth target for M2, the broadest measure of money supply, of about 18 percent.
» Banks extended a record 7.37 trillion yuan in new loans in the first half of 2009. The rate slowed considerably in the third quarter, however, with new lending for the first 10 months standing at 8.9 trillion yuan.
From wires
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[ICP License: 090027] IDC License:[B2-20040250] Advertising Business License:[京海工商广字第0407号] 京公网安备110105005607号
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