(AFX UK Focus) 2010-03-06 03:38 China c.bank frets over land-backed loans (Interactive Investor)
BEIJING, March 6 (Reuters) – Chinese banks are taking risks by lending against the collateral of land as land prices might fall, central bank governor Zhou Xiaochuan said on Saturday. Some economists have voiced growing concern lately about a surge of credit to local governments, which typically pledge land as backing for the loans. Land prices soared last year, partly due to the central bank’s …
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(AFX UK Focus) 2010-03-06 03:38 China c.bank frets over land-backed loans (Interactive Investor)
