New yuan loan to slow

09:16, January 12, 2011      

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Bank lending growth is expected to continue decelerating in 2011, as the government continues to tighten monetary policy, notably in mortgages, a bank report said Tuesday.

However, the total amount will remain large, as the demand for credit in the real economy remains voracious, according to a report released by the Shanghai-based Bank of Communications.

Further, the report predicted that new yuan loans for this year would stand between 7 trillion yuan ($1.06 trillion) and 7.5 trillion yuan ($1.13 trillion).

Also, growth of outstanding yuan loans will stand between 14.5 percent and 16 percent, compared with a 19.9 percent increase in 2010.

Source: Global Times
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