PBOC Gov says growth in credit should be at a notably higher pace than last year
China state media, Xinhua, carry an interview with People's Bank of China Governor Yi Gang over the weekend.
Said the usual, along the lines that monetary policy will be more flexible, appropriate and targeted. Credit growth to be stronger, reasonable credit expansion to smaller firms and manufacturers.
Unfortunately for the PBOC's goals some of the credit growth tends to leak into speculative activities also.