男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Fall in long-term loans 'could hurt nation's economy'

Updated: 2012-01-31 09:20

By Wang Xiaotian (China Daily)

  Comments() Print Mail Large Medium  Small

BEIJING - A dramatic decline in new medium- and long-term loans by Chinese commercial lenders last year highlighted the insufficient financial support available to the real economy, which produces goods and services, analysts said.

Medium- and long-term loans refer to those maturing in more than one year. According to data released on Monday by the People's Bank of China, the central bank, such new loans in 2011 stood at 2.19 trillion yuan ($347 billion).

The same category of new loans made throughout 2010 was 6.17 trillion yuan. In 2009, it reached 7.1 trillion yuan.

Liu Yuanchun, associate dean of the School of Economics at Renmin University of China, said the marked decline in medium- and long-term loans had bleak implications for the real economy.

Liu suggested that there were still considerable asset bubbles, as capital was more channeled into short-term lending. "Compared with medium- and long-term loans, risks in short-term lending tend to emerge sooner," Liu said.

Liu added that the decline in medium- and long-term loans did ease concerns over possible defaults involving local government debt.

Last year, senior officials at the China Banking Regulatory Commission highlighted three major sources of loan risk: government-backed loans to businesses, property loans and medium- and long-term lending.

As of Dec 31, commercial banks' outstanding loans to industry had reached 6.09 trillion yuan, up 9.3 percent year-on-year. The increase was 7.1 percentage points less than in 2010.

Outstanding loans to the service sector reached 14.92 trillion yuan, up 9 percent. The growth rate was 16.8 percentage points lower than in 2010.

Earlier this month, Premier Wen Jiabao urged the financial sector to do more to support entrepreneurs and industry amid slumping global demand and prevent virtual bubbles from inflating the economy. "The expected pull-back in economic activity is under way, exemplified by the third successive contraction in the HSBC Flash Purchasing Managers' Index for manufacturing. The cold front in advanced economies is enveloping China's economy," said Jeremy Stevens, economist at the Standard Bank Group.

Stevens said all data suggested that GDP growth would fall to a low of 7.3 percent in the first quarter, and a move to reduce reserve requirements for commercial lenders would occur soon after the Lunar New Year.

Wang Tao, head of China economic research at UBS Securities Co Ltd, said that recent good signs in Europe and the US indicated the deterioration in exports might not be as severe as she had thought.

"The economic slowdown in the first quarter probably will be better than our prediction, and the rebound spurred by policies in the second quarter may not be that obvious," she said.

主站蜘蛛池模板: 都安| 九龙坡区| 怀宁县| 苏州市| 泌阳县| 灯塔市| 荣昌县| 偏关县| 米脂县| 襄垣县| 金溪县| 叙永县| 娱乐| 浑源县| 沂源县| 增城市| 绵竹市| 华阴市| 永春县| 南昌县| 开封市| 镇江市| 新龙县| 宁强县| 灵丘县| 山西省| 特克斯县| 响水县| 潜江市| 修文县| 丹棱县| 湖北省| 临颍县| 南通市| 富锦市| 赤峰市| 自贡市| 凌海市| 荔浦县| 清流县| 尉犁县| 玉林市| 乐都县| 西昌市| 永泰县| 南和县| 新安县| 昌乐县| 株洲县| 瑞安市| 道孚县| 丘北县| 西平县| 甘南县| 黄大仙区| 乐至县| 鸡泽县| 紫阳县| 嘉定区| 英德市| 杭锦后旗| 余干县| 屯门区| 彭水| 友谊县| 三穗县| 竹溪县| 天长市| 都昌县| 辽宁省| 棋牌| 理塘县| 徐州市| 思茅市| 莱芜市| 深圳市| 海淀区| 五大连池市| 兴仁县| 新疆| 鄄城县| 曲阜市|