China to Cut 2011 Target for New Loans by 12%
Compare inflation that was down in 12 percent from this year’s target in the 6.6 trillion Yuan ($994 billion) for 2011. But in the Banking of China, it was expected in December for equity market show forecast until for next year about 7 trillion Yuan to 7.5 trillion Yuan of new loan growth. New loan target to be 6.5 trillion Yuan to 7.5 trillion Yuan through 2015 by people’s Bank of China to win the battle over inflation, it will have to slow money growth. China’s inflation accelerated to 4.4 percent in October, the fastest pace in two years, almost bolsters up under the case for the policy makers.
Report for the last month, in the first time since 2007 it has raised interest rates by requires banks to set aside more deposits as reserves last week. The annual loan growth target is set by the central bank, whose Beijing-based press official wasn’t immediately available for a comment. Loan growth for the banking system in 2010 than the official figure as approximately 1.5 trillion of loans, that it were made off the balance sheets of the Chinese banks. But in august, it has decrease until day of time limited done.