China Won’t Set Clear Loan Target this Year
It has plan while in China still citing an unnamed source, Shanghai Securities News reported that officials would have both economic growth and the level of inflation in the supervision of bank lending to consider. From this, growth will be the main indicator for observation.
It has a goal for issuing credit is a center of the economic policies of China, even if the banks have often wound up overrun. With the country facing accelerating inflation, there was much speculation that Beijing would lower lending target in 2011 after 7.5 trillion Yuan ($ 1.1 trillion) last year objective. And then the result The lack of an enterprise lending target could give Beijing more leeway to adapt policies to later in the year, when it will become clearer whether inflation or a slowdown in growth is a bigger risk for the world’s second largest economy.
But there were also reports in recent weeks that the central bank and the National Development and Reform Commission, a Planning Summit were Tüßling the precise figure. The more bellicose central bank was looking at a reduction to 6.5 trillion Yuan, while the powerful scheduler was pushing for it to remain stable at 7.5 trillion Yuan, according to local media.