Posts Tagged as ‘Bank Lending’

December 14, 2008

China Announces Broad Range Of Measures To Finance Domestic Demand Expansion

China’s State Council has announced a broad range of measures to make sure that there is plenty of liquidity in the economy next year and that consumers, companies and infrastructure projects get the loans they need so their spending can boost domestic economic activity.
Among the 30-point mandate (in Chinese):

a 17% target increase in money supply [...]

November 1, 2008

China Eases Bank Restrictions

Confirmation from the central bank that the strict limits on bank lending have been relaxed to help sustain rapid economic growth. People’s Bank of China spokesman Li Chao also told Xinhua that China must be flexible over monetary policy. Banks’ reserve requirement ratios are being left unchanged, though, as, Li said, there was ample liquidity [...]