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China Record Financing Growth Unsustainable: Herald

CHINA PRESS
MNI (Sydney)

February data showing a 13.3% y/y growth in China's total-social financing and a 12.6% gain in outstanding loans showed that both trends are unsustainable since the central government has said it prefers financial stability over monetary easing, said the 21st Century Business Herald in an editorial. The government should rein in lenders from extending too much credit in a single month, said the newspaper. Companies and residents had scrambled to raise money fearing the government would tighten credit after the March National People's Congress.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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