Monday, April 17, 2006
There has been some rumbling about renewed macro-economic measures to slow investment. Why? Just check out the below 2006 1Q figures from the PBOC Financial stability Report:
非金融性公司及其他部门贷款增加1.09万亿元，同比多增5153亿元，其中，短期贷款及票据融资增加6321亿元，同比多增3209亿元；中长期贷款增加4404亿元，同比多增1911亿元。3月份人民币贷款增加5402亿元，同比多增1796亿元。其中，居民户贷款增加829亿元，同比多增191亿元，非金融性公司及其他部门贷款增加4574亿元，同比多增1604亿元。
Basically, this says that loans to non-financial corporations has grown by TWICE the amount it grew at the same time last year. Whereas growth of loans to corportions was 515 billion RMB during 1Q of 2005, it was 1.09 trillion the past quarter. In March alone, loans to enterprises grew by 457 billion, or 160 billion more than it grew in March 2005.
But rest assure, with the political alignment in the Politburo now, the center will easily impose a retrenchment to prevent an inflationary crisis.
非金融性公司及其他部门贷款增加1.09万亿元，同比多增5153亿元，其中，短期贷款及票据融资增加6321亿元，同比多增3209亿元；中长期贷款增加4404亿元，同比多增1911亿元。3月份人民币贷款增加5402亿元，同比多增1796亿元。其中，居民户贷款增加829亿元，同比多增191亿元，非金融性公司及其他部门贷款增加4574亿元，同比多增1604亿元。
Basically, this says that loans to non-financial corporations has grown by TWICE the amount it grew at the same time last year. Whereas growth of loans to corportions was 515 billion RMB during 1Q of 2005, it was 1.09 trillion the past quarter. In March alone, loans to enterprises grew by 457 billion, or 160 billion more than it grew in March 2005.
But rest assure, with the political alignment in the Politburo now, the center will easily impose a retrenchment to prevent an inflationary crisis.
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