Loans News
- 2007 loan target set at 2.9 trillion
Date: 20-Mar-2007 Sources: (Shenzhen Daily)
CHINA has set a target for new yuan-denominated loans this year of 2.9 trillion yuan (US$373 billion), State television reported yesterday.
The target is higher than the 2.5 trillion yuan target set last year by the People's Bank of China. New yuan-denominated lending totaled 3.18 trillion yuan in 2006. The PBOC hasn't issued its target this year. A person familiar with the situation told Dow Jones Newswires in January the target this year was set at 2.9 trillion yuan.
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