Monday, August 12, 2013

Key Chinese cities and provinces set to receive stimulus - on the quiet





Government and banking industry sources familiar with the situation told the South China Morning Post that Agricultural Bank of China (Agbank), one of the big four state lenders, signed an agreement with the city government last week to provide loan credit worth 250 billion yuan (HK$314 billion) - equivalent to about 12.5 per cent of Shanghai's GDP for last year.









via Business feed http://www.scmp.com/news/china/article/1296056/key-chinese-cities-and-provinces-set-receive-stimulus-quiet

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