Central bank says lenders must solve their own credit problems
The central bank hinted on Monday it won’t shore up liquidity to address the credit crunch, a move analysts said reflects top policymakers’ increasing tolerance for slower growth.
The central bank said on Monday in a circular that the liquidity level of the financial system was “reasonable” and urged lenders to strengthen their control of credit expansion.
The announcement took a heavy toll on the stock market.
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WU YIYAO and Xie Yu via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/RB0L7qFV9lo/
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