It also tied inflation to wage increases, " massive subsidies " to loss-making state-owned enterprises and the lack of an effective credit control system.
42.
Lee is in Vietnam to press the country's communist leadership to push forward with economic reform, introduce detailed banking legislation and maintain tighter credit controls.
43.
"Furthermore, the recent asset-quality problems experienced by the bank suggest that its internal credit controls and management policies need to be improved, " it said.
44.
HongKongBank's Chiu says Beijing may be reluctant to ease credit controls because it will be more difficult in the future to lower the inflation rate.
45.
The company used agency representatives in local areas as a form of credit control and to manage sales, with most goods being sold on credit.
46.
In March, President Jimmy Carter asked the Fed to impose emergency credit controls, which panicked consumers so much that the economy fell even more sharply.
47.
Still, Low pointed out that the credit control measures instituted in 1991 during a similar period of rapid growth were mostly dismantled within a year.
48.
One factor is the on-going credit controls that are restricting the issuance of new loans, Ma said, as demonstrated by slowing money supply growth rates.
49.
This massive absorption of funds by the public sector was largely at the expense of private enterprises whose financing was often constrained by quantitative credit controls.
50.
Carter then enacted an austerity program by real terms, and on March 14, 1980, President Carter announced the first credit control measures since World War II.
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