Business / Markets

2013 loan target may be 8t yuan

(China Daily) Updated: 2012-12-12 13:25

China's central bank may set the nation's lending target next year at about 8 trillion yuan ($1.3 trillion), unchanged from this year, the China Securities Journal reported, citing an unidentified banker.

Loans will continue to be tight next year as borrowing needs increase amid an economic recovery, the newspaper reported on Tuesday, citing unnamed bank officials.

Individual banks have yet to finalize their lending plans for next year as they have yet to hold their annual meetings, the newspaper quoted a bank executive as saying.

China Daily - Agencies

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