Wednesday, December 12, 2012

China: Yuan loans down, recovery still on track





The amount of yuan-denominated new loans from mainland lenders was lower than expected in November, but analysts said the central bank's accommodative monetary policy remained unchanged and would keep the country's economy on track for recovery.


Fresh loans last month came to 522.9 billion yuan (HK$644.1 billion), down 7.1 per cent, or 40 billion yuan, from a year earlier.









via Business feed http://www.scmp.com/business/china-business/article/1103177/china-yuan-loans-down-recovery-still-track

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