China's bank lending down
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China&#039;s bank lending fell 22 percent last month, suggesting official efforts to cool off the sizzling economy are taking effect, state media reported Tuesday.
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Chinese consumers show little sign of reining in their spending, despite the first rise in core interest rates in nine years.
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ZHUOZHOU, China  - Zhang Yulong and his brothers thought they'd be rolling in cash if they'd been able to borrow from a bank to finance a string of business ideas.
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China announced Thursday it will raise interest rates for most deposits and loans by more than a quarter point - the first rise in nine years - in a move to cool down the torrid Chinese economy.
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The head of China's central bank said on Sunday Beijing's efforts to curb excessive credit growth were bearing fruit, increasing chances the country's booming economy would achieve a "soft landing."
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Tuesdayâs report said the Chinese had made strides in revaluing their currency, but that the progress was âconsiderably less than is needed.â
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China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect, the first such move in nearly a decade, the central bank said.
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Chinese entertainers at the Three Gorges Tourist Festival, near the world&#39;s largest hydro project. Vice-Permier Huang Ju says lending curbs are slowing China&#39;s investment boom.
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China's annual inflation rate dropped  sharply in November, heartening policy makers who have been  striving to cool the economy and reducing chances of a further  rise in interest rates in the near term.
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China's industrial output growth in October slowed to 15.7 percent year-on-year after a 16.1 percent gain in September, suggesting government lending curbs are cooling the economy.
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COMMONWEALTH Bank has now dipped nearly a whole foot in China&#39;s waters after yesterday confirming advanced talks on a new banking deal.
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Chinaâs annual inflation rate dropped sharply in November, heartening policy makers who have been striving to cool the economy and reducing chances of a further rise in interest rates in the near term.
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Business News, BEIJING, China&#39;s annual inflation rate dropped sharply in November, providing further evidence that steps to cool the economy are working and reducing the chances in the near term of a fresh rise in interest rates.
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China's central bank sought on Friday  to soothe concerns over its first interest rate hike in nearly  a decade, saying it will not have a big impact on the economy  or the pegged yuan currency.
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China&#39;s annual inflation rate dropped sharply in November, providing further evidence that steps to cool the economy are working and reducing the chances in the near term of a fresh rise in interest rates.
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Officials are examining new steps to cool off China's sizzling economy as its top planning agency called for tighter bank credit and curbs on construction, state media reported.
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China's annual inflation rate dropped sharply in November, heartening policy makers who have been striving to cool the economy and reducing chances of a further rise in interest rates in the near term.