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HU YUE
【期刊名称】北京周报（英文版） 【年(卷),期】2011(054)034 【总页数】2
TO THE POINT: Bank lending turns lackluster in China as the country gears up to tame lingering inflation. Despite a weakened U.S. economy, China continues increasing its holdings of U.S. Treasury securities. State-owned enterprises are losing some momentum, as a result of cost inflation. Telecom equipment maker Huawei fares well, drawing strength from booming consumer device businesses. Chinese companies are expected to accelerate their pace of venturing overseas. By HU YUE
Credit Slowdown
Bank lending is tapering off in China,which will relieve inflationary pressures affecting the economy.
New loans denominated in the yuan totaled 492.6 billion yuan ($76.4 billion) in July, the least monthly increase this year,representing a decrease of 25.2 billion yuan($3.9 billion) from a year ago, said the People’s Bank of China, the central bank.
The broad money supply (M2), which covers cash in circulation and all deposits,increased 14.7 percent year on year to 77.29 trillion yuan ($12
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