China hikes loan rates amid fast growth

    BEIJING, April 27 (Xinhua) -- China on Thursday announced a 0.27 percentage points hike in the benchmark one-year loan interest rate, according to a central bank statement, as part of its efforts to curb an investment binge and prevent economic overheating.

China's central bank warns of risks in housing finance

    BEIJING, April 25 (Xinhua) -- China's central bank, the People's Bank of China, says the real estate industry is absorbing too much of the country's capital, causing government attention.

China to put brakes on overheated industries

    BEIJING, April 26 -- The Chinese Government has announced plans to curb new real estate projects and other overheated sectors by cutting credit in an effort to cool an economy that boomed at 10.2 percent in the first quarter.

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