{"id":239243,"date":"2010-01-27T10:29:00","date_gmt":"2010-01-27T15:29:00","guid":{"rendered":"e2249889-c78b-43e3-9643-b1d7d4aa587b:387334"},"modified":"2010-01-27T10:29:00","modified_gmt":"2010-01-27T15:29:00","slug":"china-lending-policy-wont-stunt-growth","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/239243","title":{"rendered":"China lending policy won&#8217;t stunt growth"},"content":{"rendered":"<p>Investors may be worried that recently announced Chinese lending restrictions will put a damper on global growth, but there is actually little chance of that happening as the country&#39;s banks likely need to accelerate their loans to meet even reduced 2010 targets, a new note says. <\/p>\n<p>Ste\u0301fane Marion, analyst with National Bank Financial Group, said in a note to clients that while the Chinese government has told its banks to keep 2010 loans to less than 7.5 trillion Yuan (about US$1.1-trillion) in 2010, down from 9.5 trillion Yuan in 2009, it is still more than double the lending levels in 2008.<\/p>\n<p>&quot;The other thing to keep in mind is that in order to achieve the 2010 loan target, the six-month cumulative sum of new loans must actually accelerate significantly from its December 2009 level of 2.2 trillion Yuan,&quot; the note said. The 2009 levels ended up so high because most of the loans came in the first half of the year. &quot;As such, we do not view China&#39;s 2010 loan target as being a significant drag.&quot;<\/p>\n<p>National Bank also agrees with the newest IMF projection of 4% global GDP growth in 2010, up from 3.1%.<\/p>\n<p><a href=\"mailto:erlam@nationalpost.com\">Eric Lam<\/a> <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/network.nationalpost.com\/np\/aggbug.aspx?PostID=387334\" width=\"1\" height=\"1\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors may be worried that recently announced Chinese lending restrictions will put a damper on global growth, but there is actually little chance of that happening as the country&#39;s banks likely need to accelerate their loans to meet even reduced 2010 targets, a new note says. Ste\u0301fane Marion, analyst with National Bank Financial Group, said [&hellip;]<\/p>\n","protected":false},"author":4586,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-239243","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/239243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4586"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=239243"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/239243\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=239243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=239243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=239243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}