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2011 new loans expected to decline

Source:   Time:

Experts say China is expected to set a lower target for new lending for 2011, compared to this year, as it strives to combat price hikes.

They forecast a range from 7 trillion yuan to 7.5 trillion yuan for new loans in next year. That's a slight drop to keep inflation in check. They also expect monetary policy for 2011 will be steered from "moderately loose" to "steady" but not tight, as the real economy still needs a certain amount of credit to bolster growth and ensure employment.

Experts say China is expected to set a lower target for new lending for 2011,
compared to this year, as it strives to combat price hikes.

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