china to keep moderate credit growth
Thursday 13 February 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

China to keep moderate credit growth

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice China to keep moderate credit growth

Beijing - XINHUA

China will maintain moderate growth in its credit supply and social financing scale this year in a bid to stabilize growth while keeping consumer prices in check, the central bank said on Friday. The government will continue to implement a prudent monetary approach in 2013, making the policy more forward looking, targeted and flexible, the People\'s Bank of China said in a statement on its website. It will focus on coordinating the works between stabilizing growth, economic restructuring, price control and risk prevention, and keep steady and moderate growth of credit and social financing, according to the statement. It means that both lending and social financing in 2013 will be higher than the amount recorded last year, as the economy\'s slowing growth has prompted the government to shift focus to securing growth, analysts said. China\'s third-quarter growth slowed to a seven-quarter low of 7.4 percent, dragged down by anaemic external demand and government efforts to cap consumer prices. But authorities have been cautious in easing monetary policy in fear of pushing up inflation again. The central bank twice cut interest rates and banks\' reserve require ratios last year, and stopped similar moves after August. China\'s new yuan-denominated lending reached 8.2 trillion yuan (1.31 trillion U.S. dollars) in 2012, up from 7.47 trillion yuan in 2011 and 7.95 trillion yuan in 2010, the central bank\'s data showed. The country\'s total social financing, a measure of funds raised by entities in the real economy, reached 15.76 trillion yuan last year, up 2.93 trillion yuan from 2011, the data showed.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to keep moderate credit growth china to keep moderate credit growth

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china to keep moderate credit growth china to keep moderate credit growth

 



GMT 10:26 2017 Wednesday ,01 March

Big Ben towers in basketball-mad Philippines

GMT 20:47 2017 Wednesday ,29 November

Emirati cop donates kidney, saves bedridden mum

GMT 12:31 2016 Friday ,07 October

Bradley Wiggins under pressure

GMT 12:43 2017 Thursday ,14 September

Mustafa calls for solution for problems

GMT 07:41 2017 Saturday ,09 December

Iraqi government rebukes moving U.S embassy to Jerusalem

GMT 20:25 2017 Thursday ,23 November

Memorable graduation for medical students

GMT 17:32 2016 Tuesday ,02 August

Miss Teen USA to keep crown despite racist tweets

GMT 15:01 2016 Saturday ,10 September

Nepali foreign minister to visit India
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice