(AFX UK Focus) 2010-02-24 00:40 UPDATE 1-China tells banks to limit loans to local gov’ts-media

(AFX UK Focus) 2010-02-24 00:40 UPDATE 1-China tells banks to limit loans to local gov’ts-media
SHANGHAI, Feb 24 (Reuters) – China’s banking regulator has told commercial lenders to restrict new lending they provide to local governments’ financing arms to ward off potential risks of default, state media reported on Wednesday. While relatively limited in scope, the step marks a continuation of efforts to check explosive lending growth that has set off concerns about asset price bubbles and …

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