New Lending Ceiling Set at 7.5 Tln Yuan for 2011

(Beijing) – The growth in China's broadest measure of money supply,M2, was set at 16 percent in 2011 during the recently-concluded Central Economic Work Conference, according to an informed source.

If new bank yuan loans in 2010 totaled 7.8 trillion yuan, the figure for 2011 is likely to range from 7.2 trillion yuan to 7.5 trillion yuan, said an analyst at a big commercial bank.