To Hit GDP Target, Henan Gives Banks Lending Target

SCMP: Lend at least 450 billion yuan, banks told by China province as slowdown deepens
The banking regulator of the central Chinese province of Henan has told lenders to grant at least 450 billion yuan (HK$523 billion) in new loans this year to help shore up the local economy, a rare edict that has raised concerns the local government is becoming increasingly intrusive in influencing bank business decision-making amid the economic slowdown.
The jig is up.

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