New lending cap of 8 trillion yuan
By Mao Lijun and Wang Bo | China Daily | Updated: 2009-12-10 08:03
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Customers line up at a bank in Nanjing, Jiangsu province. New yuan loans amounted to 8.9 trillion yuan in the first 10 months of 2009. Xiao Mi |
China's banking regulator plans to cap new lending at around 8 trillion yuan next year, but the target might be subject to instant changes according to the economic environment, a source with knowledge of the matter said.
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