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 分享按鈕 0

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: 亚洲а∨天堂久久精品| 国产乱人视频在线看| A∨变态另类天堂无码专区| 故意打开双腿让翁公看| 五福影院最新地址| 欧美成人四级剧情在线播放| 人妻丰满熟妇av无码区| 综合图区亚洲欧美另类图片| 国产亚洲一区二区三区在线| 五月婷婷丁香六月| 国产精品素人福利| 99久久免费中文字幕精品| 女欢女爱第一季| 中国老人倣爱视频| 无码人妻av一二区二区三区 | youjizz亚洲| 成人精品一区二区久久 | 中文字幕天天干| 日本免费一二区在线电影| 久久精品成人无码观看56| 极品videossex日本妇| 亚洲免费综合色在线视频| 欧美日韩中文国产va另类| 亚洲欧美日韩丝袜另类| 波多野结衣办公室jian情| 人人爽天天碰天天躁夜夜躁| 真实国产乱子伦对白视频37p| 公用玩物(np双xing总受)by单唯安| 美国式的禁忌19| 古代肉多荤话文高h| 美女内射无套日韩免费播放| 啊轻点灬大巴太粗太长视频| 老司机激情影院| 嘟嘟嘟www在线观看免费高清| 老扒的幸福时光| 国产gaysexchina男同menxnxx| 色黄网站成年女人色毛片| 国产乱了真实在线观看| 色欲综合久久中文字幕网| 国产一区二区三区在线观看免费 | 精品人妻少妇嫩草AV无码专区|