China c.bank sees economy slowing, no double dip
BEIJING, July 27 |
BEIJING, July 27 (Reuters) - China's central bank said on Tuesday that economic growth would slow but that there would be no double dip.
The People's Bank of China also said in a statement posted on its website (www.pbc.gov.cn) that Europe's debt crisis would not have a large impact on the Chinese economy.
It added that new bank lending in 2010 would be within 7.5 trillion yuan ($1,106 billion) if maintained at June levels. ($1=6.778 Yuan) (Reporting by Zhou Xin and Ben Blanchard; Editing by Jacqueline Wong)
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