CCB to Reduce New Lending by 70% as Risks ‘Evident,’ Zhang Says

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This looks ominous if not ‘replaced’ by deficit spending.

CCB’s Second Half New Loans to Fall, President Says

Bloomberg News

August 7th (Bloomberg) — China Construction Bank Corp. will reduce new lending by about 70 percent in the second half after a surge in loans in the first six months increased credit risk, President Zhang Jianguo said in an interview.