Monday, April 5, 2010

Roubini and Jim Walker founder of Asianomics on China and credit

China tightens credit further, Roubini says move necessary

Investors have grown increasingly jittery over China's steps to limit the availability of credit. Chinese banking authorities have instructed some major banks to stop new lending for the rest of January after loan growth surged in the first few weeks of the year. This move comes after China raised bank reserve requirements last week.

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