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./ |# Z* K. v. p) A1 s
"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.( q7 ~# y, ^( o: n
A Reuters poll of 26 economists on Monday forecast that Beijing will aim for 7 trillion yuan in new lending next year.8 t* x, c& F9 z* e5 a, S
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.+ Y2 s" H. j5 z' t! n) E4 U5 H
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. |