Dec. 13 (Bloomberg) -- China is likely to set a target of at least 7 trillion yuan ($1.1 trillion) of new loans for 2011 after leaders met to decide key economic policy objectives for the coming year, said two people briefed on the matter.
The government also aims for 4 percent inflation, 8 percent economic growth and 16 percent money supply expansion for next year, the people said, declining to be identified because the information isn’t public. The final target for new loans may be as high as 7.5 trillion yuan, one person said.