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It will be more difficult for Chinese...>

CHINA PRESS
CHINA PRESS: It will be more difficult for Chinese firms to take loans this year
as capital prices are rising and the credit quota of banks has been shrinking,
the 21st Century Business Herald reported. The capital cost for small- and
medium-sized firms has increased to 9% to 10% in some provinces. New loans
amount to just CNY1 trillion so far this year - just half of that in the same
period last year, sources in banks noted.
Comment: The PBOC has pushed forward with its deleveraging campaign by reducing
short-term capital and encouraging long-term funding, while hiking the policy
interest rates through open market operations. Capital prices have already
soared in the financial sector. These will have a negative impact on the real
economy.

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