Tuesday, October 11, 2016

China May Restrain Credit, But Is That Because Of All Those Non-Performing Bank Loans?

China to restrain credit growth amid property restrictions

Prospective buyers attend a real estate trade fair in Chengdu, capital of Sichuan province, on Oct 3, 2016. [Photo/For China Daily] BEIJING - China will control its credit growth and take active measures to promote the healthy development of the housing market, a central bank statement said Saturday. Zhou Xiaochuan, governor of the People's Bank of…