Wednesday, March 17, 2010

China Daily News 17 March, Wednesday $CAF $FXPF $FXI

China Daily News
17 March, Wednesday

  • MOC: trade surplus not the reason for RMB appreciation call — Ministry of Commerce spokesperson Yao Jian says that China’s trade surplus is the result of globalization instead of its currency, and shouldn’t be the reason for RMB appreciation.

  • Some banks have to suspend new lending — Because of strong loan growth in January and February, some Chinese banks in cities like Shanghai and Beijing have used up their new lending quota for 1Q10, and have to suspend extending new credits. According to unnamed industry sources, loans have to be extended with a rate that’s not lower than the benchmark lending rate.

China Daily News

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