China will probably target about 7.5 trillion yuan ($1.1 trillion) in new loans next year, level with its 2010 target, Reuters reported Tuesday, citing China Securities Journal, an indication that policy could be slightly looser than expected.
. i# J9 S7 F* w$ Z/ G6 v! A1 F "The Chinese economy is very big now and a target of 7.5 trillion yuan in new loans will not trigger all-round inflation," the newspaper quoted sources as saying.
& l- R8 o; ]) U! y8 r8 I- I A Reuters poll of 26 economists on Monday forecast that Beijing will aim for 7 trillion yuan in new lending next year.! e" J9 ?5 b0 _: }& h E4 C( S5 }
The report also said the government would likely aim for 16 percent in the wider M2 measure of money growth, which would mark a slowdown from this year's roughly 20 percent pace.* ]7 r+ z8 Y8 ?
It added that China's five biggest lenders were aiming to maintain new lending at unchanged levels next year from this year, while smaller banks were talking about an expansion. |