Xinhua reports (via MNI) on comments from People's Bank of China chief economist Ma Jun
- Says there were periodical and cyclical factors behind the relatively high growth rate of loans in the first quarter
- Current monetary policy is mainly aimed at creating conditions for stabilizing growth but also to avoid future macro-economic including excessive corporate leveraging, and to consider the impact of loan growth on price trends
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Huh. Covered all the bases there then.
Whatever. Sure seems like the surge in lending boosted growth in Q1 ... : China delayed release of GDP numbers that show growth was slower
