Despite speculation about a drop in the bank reserve ratio due to high money demand for the Lunar New Year, China held off a reduction in the bank reserve requirement. Prior to this speculation, there was one cut in the reserve...
From Financial Times : China’s chief environmental watchdog says local officials are sabotaging a central government edict to restrict loans to heavily polluting industries, despite limited success in withholding credit in some...
From Bloomberg: Investment in China’s real estate, factories, and utilities unexpectedly accelerated in May, adding to pressure on the government to curb bank lending. Fixed-asset investment in towns and cities climbed...
From AP via BusinessWeek: China’s outstanding bank loans rose nearly 16 percent in May over a year earlier to 209.4 billion yuan ($26 billion), state media reported Friday. The figures show efforts to curb an investment binge may not be working, said the Shanghai Securities News, a newspaper run by the government’s Xinhua News Agency. […]
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