urgent-notice
China orders banks to clear hurdles slowing private sector lending: sources
May 14, 2016 by elegant · Leave a Comment
SHANGHAI, May 14 (Reuters) – – China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment. Chinese banks sharply cut new lending in April after a record first-quarter credit spree, much of which appeared to go to the state sector and may have helped inflate asset bubbles in real estate and commodities. According to the document seen by Reuters, the China …
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China orders banks to clear hurdles slowing private sector lending: sources