China tightens credit growth to slay shadow banking demons - China - TopicsExpress

China tightens credit growth to slay shadow banking demons - China looks to be tightening credit growth based on money supply and lending data for the six months to December 2013.During the first six months of 2013, aggregate financing reached 10.15 trillion yuan. This fell to 7.14 trillion yuan in the second half, contracting by 849.7 billion yuan year-on-year.China has moved to reform lending practices known as shadow banking to stave off growing financial risks and... ow.ly/2CYVrp

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