UPDATE 1-China vows stricter lending control next year

Newswire

(adds details) BEIJING, Dec 23 (Reuters) - China on Wednesday vowed to exercise stricter control over bank lending next year, guiding credit to new energy projects and consumers, while choking off financing to polluters and sectors riddled by overcapacity. The central bank also reaffirmed its long-standing commitment to maintain an "appropriately loose" monetary policy though added that it would adopt a more flexible posture. This language, directly echoing a key policy statement by ...

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