BEIJING, Dec 14 (Reuters) – China will probably target a
limit of about 7.5 trillion yuan ($1.1 trillion) in new loans
next year, the same as this year’s target, a leading official
newspaper reported on Tuesday, an indication that policy could
be slightly looser than expected.

Control of credit issuance is one of the most important
monetary policy tools in China and many in the market had
assumed that Beijing would lower the new lending objective
next year as a way of tamping down on inflationary pressures.

BEIJING, Dec 13 (Reuters) – China is poised to raise
interest rates before the end of this year, but will then
increase them just twice more in 2011, relying instead on
using lending controls as its weapon of choice in the fight
against inflation, a Reuters poll shows.

The 26 economists contacted over the past three days
revealed an emerging consensus that Beijing will try to get
away with a milder course of policy tightening than many in
the market had assumed it would implement.

BEIJING, Dec 11 (Reuters) – Chinese inflation soared past
forecasts to a 28-month high in November and showed signs of
spreading beyond food prices, putting pressure on the
government to ratchet up its monetary tightening.

A day before the data, China’s central bank raised
lenders’ reserve requirements for the third time in a month to
sop up some of the excess cash in the economy that is driving
prices higher. With inflation on the march, analysts said that
more resolute action was needed.

BEIJING (Reuters) – Chinese inflation soared past forecasts to a 28-month high in November and showed signs of spreading beyond food costs, putting pressure on the government to ratchet up its monetary tightening.

A day before the data, China’s central bank raised lenders’ reserve requirements for the third time in a month to sop up some of the excess cash in the economy that is driving prices higher. [ID:nL3E6NA0GA]. With inflation on the trot, analysts said that more resolute action was needed.

BEIJING (Reuters) – China’s central bank on Friday increased the amount of money that lenders must keep on reserve for the third time in one month, a move to mop up excess cash in the economy and rein in inflation.

But the decision to raise banks’ required reserves rather than interest rates means that officials have opted for a milder form of monetary tightening for the time being, suggesting that they believe price pressures are still well within their ability to control.

BEIJING (Reuters) – If earlier doubts about China’s commitment to make the yuan a global currency were misplaced, the current excitement is more than a little bit overdone.

Beijing’s strategy for the next few years can be summed up quite simply: Dear foreigners, please use our currency, but not as a way to profit from our country’s growth.

BEIJING (Reuters) – If earlier doubts about China’s commitment to make the yuan a global currency were misplaced, the current excitement is more than a little bit overdone.

Beijing’s strategy for the next few years can be summed up quite simply: Dear foreigners, please use our currency, but not as a way to profit from our country’s growth.

BEIJING, Dec 9 (Reuters) – If earlier doubts about China’s commitment to make the yuan a global currency were misplaced, the current excitement is more than a little bit overdone.

Beijing’s strategy for the next few years can be summed up quite simply: Dear foreigners, please use our currency, but not as a way to profit from our country’s growth.

Dec 7 (Reuters) – * Official paper says rate increase
likely this weekend

* Hot money concerns may deter big interest rate move

* Top government think tank says inflation under control

By Zhou Xin and Simon Rabinovitch

BEIJING, Dec 7 (Reuters) – China is likely to raise
interest rates in the coming days in a demonstration of the
government’s resolve to tame inflation, an official newspaper
said on Tuesday.

BEIJING (Reuters) – China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party’s top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls.

At the same time, the Politburo elected to maintain China’s proactive fiscal policy, an indication that the government wants to continue to ramp up investment spending even while taking tightening steps to control inflation.