China Must Avert Asset Bubbles Fueled by Loans, World Bank Says

China Must Avert Asset Bubbles Fueled by Loans, World Bank Says

Nov. 4 (Bloomberg) -- China’s policy makers must avertstock and property market bubbles after lending swelled to arecord $1.27 trillion this year, the World Bank said.

The Washington-based lender raised China’s economic growthforecast for this year to 8.4 percent from 7.2 percent andBeijing-based senior economist Louis Kuijs said the centralbank will “eventually” have to rein in credit to ensureresources are properly allocated.

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