China will probably target about 7.5 trillion yuan ($1.1 trillion) in new loans next year, level with its 2010 target, Reuters reported Tuesday, citing China Securities Journal, an indication that policy could be slightly looser than expected.
2 o! O' r9 O+ O2 E+ ? "The Chinese economy is very big now and a target of 7.5 trillion yuan in new loans will not trigger all-round inflation," the newspaper quoted sources as saying.8 w" f) W1 E7 W$ f! d: Z& n3 X/ q: u# ~
A Reuters poll of 26 economists on Monday forecast that Beijing will aim for 7 trillion yuan in new lending next year.
8 f2 m6 T' X8 Y2 j9 A% e 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.9 @* g/ H+ `" M' N4 ^
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. |