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| Wednesday, July 09, 2008 19:26:04 |
Yuan lending stokes inflation fears
China's annualized growth in yuan lending dropped slightly to 14.7% in April, but the lending volume in the first four months amounted to nearly half of the preset target for this year, triggering concerns excessive lending could stoke high inflation this year, the China Daily reported. New yuan loans in April reached US$66.3 billion (RMB463.9 billion), compared with US$40.5 billion (RMB283.4 billion) in March and US$60.3 billion (RMB422 billion) ...
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