"The total credit supply for 2010 is likely to reach 8 trillion, exceeding the government target by 6.7 per cent, said Liu Yuanchun, deputy director of Renmin University's School of Economics.
New loans stood at 588 billion yuan in October . . .
Credit demand remains vigorous and new-loan growth may well exceed 7.5 trillion yuan next year if the policymakers do not adopt tough measures to contain growth, China Securities said in a report.
Tuesday, November 30, 2010
China's Credit Supply Estimated to Top Targets by 6.7%
China's credit supply may top government targets
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