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Chinese Government Drop Hammer On Lending

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http://uk.finance.yahoo.com/news/China-vows-lending-control-reuters_molt-3818302830.html?x=0

China vows lending control to tame inflation

Meri Lee, Ohn Hi, Ding Dong (a.k.a Ding Dong, Merrily on High) InternationalAsia.11:34, Monday 27 December 2010
BEIJING (
Reuters
) - China's central bank took aim at inflation once again on Monday by saying
it will control lending and money growth
in the world's second-biggest economy to head off price pressures and asset bubbles.
In a statement on the central bank's website (www.pbc.gov.cn), Hu Xiaolian, a deputy governor, said China had been normalising policy and will explore new ways to manage excess cash, which is seen as a major driver behind 28-month high inflation.

When Chinese control things they don't do a "vigilance" thing like Merv but rather they take action and hike the rates--whether house prices fall or not. China has decent LT thinking despite their lack of democracy.

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http://uk.finance.yahoo.com/news/China-vows-lending-control-reuters_molt-3818302830.html?x=0

China vows lending control to tame inflation

Meri Lee, Ohn Hi, Ding Dong (a.k.a Ding Dong, Merrily on High) InternationalAsia.11:34, Monday 27 December 2010
BEIJING (
Reuters
) - China's central bank took aim at inflation once again on Monday by saying
it will control lending and money growth
in the world's second-biggest economy to head off price pressures and asset bubbles.
In a statement on the central bank's website (www.pbc.gov.cn), Hu Xiaolian, a deputy governor, said China had been normalising policy and will explore new ways to manage excess cash, which is seen as a major driver behind 28-month high inflation.

When Chinese control things they don't do a "vigilance" thing like Merv but rather they take action and hike the rates--whether house prices fall or not. China has decent LT thinking despite their lack of democracy.

Yes a lot seems to hinge on the Chinese economy.

I also noticed that the Chinese government was encouraging its citizens to invest in gold at circa $1000. They effectively under wrote the price and must have been aware of the coming inflation.

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http://uk.finance.yahoo.com/news/China-vows-lending-control-reuters_molt-3818302830.html?x=0

China vows lending control to tame inflation

Meri Lee, Ohn Hi, Ding Dong (a.k.a Ding Dong, Merrily on High) InternationalAsia.11:34, Monday 27 December 2010
BEIJING (
Reuters
) - China's central bank took aim at inflation once again on Monday by saying
it will control lending and money growth
in the world's second-biggest economy to head off price pressures and asset bubbles.
In a statement on the central bank's website (www.pbc.gov.cn), Hu Xiaolian, a deputy governor, said China had been normalising policy and will explore new ways to manage excess cash, which is seen as a major driver behind 28-month high inflation.

When Chinese control things they don't do a "vigilance" thing like Merv but rather they take action and hike the rates--whether house prices fall or not. China has decent LT thinking despite their lack of democracy.

Yes a lot seems to hinge on the Chinese economy.

I also noticed that the Chinese government was encouraging its citizens to invest in gold at circa $1000. They effectively under wrote the price and must have been aware of the coming inflation.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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