China urges 'reasonable' credit growth in 2010: state media

China urges 'reasonable' credit growth in 2010: state media
Beijing (AFP) Dec 8, 2009 - China's central bank Tuesday said it wanted to maintain credit expansion at a "reasonable pace" in 2010 to support recovery but curb potential risk after record lending this year, state media reported. Lending should be focused on supporting employment and industries of "strategic importance," Zhou Xiaochuan, governor of the People's Bank of China, was quoted as saying by official news ... more

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