Lending in China growing too quickly

China's central bank asked the nation's lenders to curb loans to help damp economic growth that accelerated to 10.2% in the first quarter of 2006. Lending is growing "too fast", the People's Bank of China said in a statement after a meeting in Beijing with the nation's biggest state-owned lenders. The central bank asked them to "strictly control lending to overheated industries", it said, giving no other details. The government told banks two years ago to rein in lending to industries such as aluminium, steel, cement and property because an investment boom had driven up raw material p...