Subscribe to RSS feedLoan squeeze set to slow Chinese imports
by
Liz McCarthy, London
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last modified
Jan 11, 2010 12:40 PM
STRICTER lending by Chinese bankers this year could lead to a slowdown in imports of commodities, including iron ore used in steel production, and consequently a drop in seaborne trade.
The People’s Bank of China vowed in December to exercise stricter control next year over lending to industry and projects with overcapacity problems.
With only 75% of China’s steel production capacity of around 660m tonnes per annum in use and...
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