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China To Expand Credit Growth - Journal

CHINA PRESS
MNI (Singapore)

China’s banking authorities will focus on credit expansion, including guiding the Loan Prime Rate lower and stepping up assessments of banks’ loan issuance, the China Securities Journal reported, citing Golden Credit Rating chief analyst Wang Qing. Wang said there was room for additional monetary policy support following the deceleration in the August CPI. Analysts expect September lending data to rebound. Growth in loan balances will likely reverse previous falls, notably in loans related to manufacturing, infrastructure, mortgages, and companies seeking to lower carbon emissions.

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