China central bank to give out 100 bln yuan of policy loans by yearend

Special Report:Global Financial Crisis

BEIJING, Nov. 11 (Chinese media) -- The People's Bank

of China, the country's central bank, said here Tuesday it would guide policy

banks to make additional 100 billion yuan (14.7 billion U.S. dollars) of loans

by the end of 2008.

The money would go to the construction of key

projects and the purchase of agricultural products, the central bank said,

without elaborating.

It also encouraged commercial banks to provide

supporting loans for projects covered by the central government's investment of

100 billion yuan before the yearend.

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