China will toughen bank-liquidity controls to restrict lending

11/25/2010 | Xinhuanet.com (China)

China is having a hard time limiting new bank lending to this year's $1.13 trillion target, said Hu Xiaolian, a deputy governor of the People's Bank of China. He said China will use its many monetary-policy tools to intensify liquidity management and bring the expanding supply of money and credit under control.

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