Chinese banking regulator has ordered banks to “prudently” work together with local governments on strategic cooperation, and place further controls over housing credit risks
Land-transferring fee in Beijing, capital of China, declined 48 percent in the first half of this year from a year ago.
China’s inflation may become worse in the second half of this year, as new prices hikes are brewing, dampening the country’s efforts to combat inflation.
Full article in Chinese: http://www.caijing.com.cn/2011-07-14/110774510.html
China’s 2Q GDP and June IPO both came in above market expectations, defying any concerns about a potential hard landing.
China should further implement its prudent monetary policies over a very long period, the central bank governor Zhou Xiaochuan said.
China’s yuan-denominated loans in June grew 16.9 percent, or 633.9 billion yuan in June
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