Mar 12

China Watch Blog has learnt that Chinese lenders extended fewer new yuan loans than expected for a second consecutive month in February. sparking expectations of further monetary-easing policies from the authorities to guarantee enough liquidity for the real economy, including manufacturing and services.

The China Daily reported that banks lent out 710.7 billion yuan ($112.5 billion) last month, below market expectations of 750 billion yuan, according to data released by the People’s Bank of China, the central bank, on Friday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, grew by 13 percent year-on-year by the end of February, 0.6 of a percentage point higher than a month earlier, but below the government’s 14 percent target for the year.

In January, Chinese lenders lent 738.1 billion yuan, scattering market expectations of 1 trillion yuan. Meanwhile, M2 hit the lowest level since June 2001.

“The lower-than-expected amount of new yuan loans last month was probably caused by the fact that banks have become more prudent in lending, and lending demand from companies declined as economy further slowed,” said Wu Xiaoling, a former deputy governor of the PBOC.

Wu added that the lending of some banks, especially those joint-stock commercial banks, might have been restrained by a deposit-to-loan ratio of 75 percent.

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Mar 12

China Watch Blog has learnt that Brain awareness week starts from today (March 12).

Howard Stephen Berg is listed in the Guinness Book of World Records for reading more than 25,000 words a minute and writing more than 100 words a minute. But it’s not just his reading and writing skills that make him a well-known figure; it’s his brain-based learning strategies that make it possible to comprehend and retain the information. Since his strategies can be learned by anyone, the possibilities are mind-boggling!

Berg once completed a 1,100 page book on Cleveland’s Morning Exchange and achieved a perfect score on recall – what makes it truly astounding is that he was retested three years later on the same book and again had perfect recall. As a guest on Live with Regis and Kathie Lee, he memorized a 200-page book, reading at the rate of 13-14 pages/minute, and scored 100% accuracy on an extensive test given by the author.

Berg has created more than fourteen other accelerated learning programs that include speed math and memory. His Time-Warner book Super Reading Secrets is in its 28th reprint and his Nightingale-Conant program, Mega Speed Reading, grossed over $65,000,000 and earned him recognition as a leading expert on brain-based learning. He has been honored by both Who’s Who Among Emerging Leaders and 2,000 Notable American Men; two leading books that track outstanding professional performance.

Known as the world’s fastest reader, Berg’s talents are attributed to the cutting-edge, accelerated learning techniques he developed that turn information overload into information assets. His methods have not only enabled the unemployed to get back to work sooner by teaching them additional skills that make them more marketable, but by continuing to apply these skills they will stay on top of the information their success depends upon! He makes life easier by cutting learning time in half – giving everyone the opportunity to succeed but with more time left for the things they enjoy.

Howard Berg is an entertaining celebrity who has appeared on over one thousand radio and television programs including Neil Cavuto and Jon Stewart, and is the spokesperson for the Sony E-Reader along with Justin Timberlake, Peyton Manning and Amy Sedaris.

He ‘walked the talk’ by completing a four-year psychology program in one year using his brain-based learning techniques, leading the way for many others to follow as evidenced by the testimonials on his website at:

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