China's central bank announced Thursday that it will relax to over 20 small agricultural credit agency lending restrictions, including credit crisis facing the zhejiang province six home rural cooperative Banks. Industry insiders interpretation, this is year end will to China early signs of easing monetary policy. The people's bank of China said in a news release, according to the national total more than 20's small rural financial credit agency resume execution 16% of the deposit reserve rate, and from Friday (November 25) effect. According to the New Era Hats AFP report, among them, are facing the credit crisis of zhejiang province six rural cooperative Banks is also named in the squad, but China's central bank refused to disclose the rest of the other bank is which. According to Chinese press reports, China's central bank to rural cooperative Banks carrying out there is a difference between the deposit reserve rate policy, every November to rural cooperative Banks that year in the previous three quarters of the credit situation assessment, and to support efforts to the supply of credit can not reach the standard rural cooperative Banks perform punitive measures, namely greater than normal high 0.5% of the deposit reserve rate. Last November 25 on, more than 20 house didn't reach lending standards of rural cooperative Banks (including zhejiang six) to be executed there is a difference between the deposit reserve rate (16.5%) for one year. Now a year of punitive measures expire, the central bank to resume enforcement 16% of normal deposit reserve rate. Interpretation of the industry, a move that is the Chinese government began to selectively to relax credit limit, to the original to curb inflation for the purpose of the deflating monetary policy to fine-tune the signal. However, the central bank hangzhou central subbranch persons in China's official xinhua news agency says the reporter, not to the bank deposit reserve rate to restore normal level of understanding for the deposit reserve rate cut. China's central bank also said it will continue to adopt a & ldquo; The steady monetary policy & rdquo; , but at the same time to increase the strength of the loans, to support the national economy of the weak part, such as agriculture and small private enterprise. The impact of the private enterprise to issue loans to government restrictions on private enterprise in by state-owned Banks refused to later, had to turn to Banks to borrow in underground higher interest rates, that folk lending spread quickly. As China's private economy of the pioneers of wenzhou, zhejiang also experienced a large number of business failures dismal picture, the owner is in debt choose & ldquo; Run road & rdquo; , leaving the large quantities of waiting for wage workers and make their creditors. In addition, with China's labor costs and improve the stress of the appreciation of the renminbi, even if the enterprise is to keep down also face the meager profits difficulties, the original batch export, & ldquo; Small profits and quick turnover and rdquo; The management mode of the serious test. Therefore, analysts suggest the NBA hats central bank targeted & ldquo; Directional fine-tuning & rdquo; , may be in order to ease the credit system of folk collapse the private enterprise to bring the huge impact. At the same time, China's manufacturing growth has slowed sharply. According to the November on Wednesday the HSBC China Manufacturing Purchasing Managers Index (the HSBC China Manufacturing Purchasing Managers Index, or PMI) preview value dropped to 48, to the lowest since the 32 months, while October the Index final value of 51. The HSBC China Manufacturing PMI measure the nationwide Manufacturing activities, the Index is lower than 50 means that Manufacturing activity to shrink. And China's inflation slowed in October, the consumer price index to 5.5%, the economic growth rate is also on the decline. Therefore, there are experts predict, economic growth in the latest evidence may be to shrink from the Chinese government to comprehensive loose fine-tuning.
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