pre-alarm of central bank to cement industry


Updated Fri, 25 Jun 2004 00:00:00 GMT

Chinese people’s bank issued an executive report on currency policy of the first season in 2004, the report point out the risky situation of cement and steel etc industry.

The report said, the central bank did a quick investigation to the financing situation of steel and cement industry, this investigation shows, by the end of this February, projects in steel and cement industry, 42% capital are from loaning in bank, the debt rate of those industry comes to 45%.

The report also referred, central bank would increase loan to agriculture, small company and other important fields.