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China tells banks to halt lending

Posted By admin On January 21, 2010 @ 5:03 am In Money Watch | Comments Disabled

Jamil Anderlini, Sundeep Tucker and Jennifer Hughes
FT.com [1]
Thursday, January 21st, 2010

Chinese regulators have told some banks temporarily to halt lending amid growing fears of asset bubbles and inflation.

The renewed efforts to rein in credit growth after a burst of frantic lending activity by Chinese banks that have raised concerns about overheating in the Chinese economy.

The crackdown prompted stock market falls around the world as investors worried that China’s tightening could cool its strong growth and dent expectations for the global recovery.

“This sort of baby step tightening doesn’t look like much but when you’ve had such rampant credit growth, it doesn’t take much for it all to end in tears,” said Albert Edwards, global strategist at Société Générale.

Full article here [1]

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China tells banks to halt lending  FOTR 340x1692 [2] 

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URLs in this post:

[1] FT.com : http://www.ft.com/cms/s/0/9d42f0f2-057e-11df-a85e-00144feabdc0.html

[2] Buy the DVD here: http://infowars-shop.stores.yahoo.net/faofreprofba.html

[3] China banks told to halt lending to US banks-SCMP: http://www.prisonplanet.com/china-banks-told-to-halt-lending-to-us-banks-scmp.html

[4] Two Of China’s Biggest Banks Have Stopped Lending At Some Of Their Branches: http://www.prisonplanet.com/two-of-chinas-biggest-banks-have-stopped-lending-at-some-of-their-branches.html

[5] China tells US to halt spy plane flights: http://www.prisonplanet.com/china-tells-us-to-halt-spy-plane-flights.html

[6] US Wants China to Buy into Its Small Banks: http://www.prisonplanet.com/us-wants-china-to-buy-into-its-small-banks.html

[7] Banks Still Not Lending: http://www.prisonplanet.com/banks-still-not-lending.html

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