Analysts: Credit likely will overshoot Chinese government's target

04/6/2010 | China Daily (Beijing)

Analysts said credit extended in China this year stands a good chance of topping $1.1 trillion, a target set by the government. The National Bureau of Statistics said that during the first two months of 2010, there was 26.6% more urban investment in fixed assets compared with the same period last year. Large infrastructure projects started by the government will require capital for many years, putting the lending cap in doubt, analysts said.

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China Daily (Beijing)

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