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Beijing (AFP) Jan 11, 2011 The value of new loans issued by Chinese banks in 2010 reached 7.95 trillion yuan ($1.2 trillion), the central bank said Tuesday, exceeding the official target but less than the previous year. Policymakers had set a full-year target of 7.5 trillion yuan after an explosion of state-sanctioned lending in 2009 fuelled inflation and sent property prices skyrocketing in the world's second-largest economy. Lending nearly doubled to 9.6 trillion yuan in 2009 as banks heeded the government's urgent call to spur economic activity amid the global financial crisis.
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Chinese vice premier starts Britain visit with energy dealEdinburgh (AFP) Jan 9, 2011 Chinese Vice Premier Li Keqiang kicked off a business-focused state visit to Britain on Sunday with the sealing of a renewable energy deal between Scottish and Chinese companies. Li, who is widely tipped to be China's next premier, arrived in Edinburgh for a four-day trip aimed at boosting economic and political ties that will include talks with British Prime Minister David Cameron. He p ... read more |
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