ABIDING BY THE RULES. Equally significant have been administrative control measures to rein in sectors such as property, and the steel, aluminum and cement industries. This included rejection of specific investment projects, and "window guidance" by the PBoC for commercial banks to restrict lending to certain industries.
2006-10-20 13:29:07 · 1 answers · asked by karmathecatdx 1 in Education & Reference ➔ Words & Wordplay
Basically an unofficial policy set forth to maintain activity within certain standards - 'a window' - in order to maximize earnings. In this case the window was the types of industries to which to lend. This is a strong suggestion rather than an official enforceable policy but it is generally understood that everyone will comply or their will be consequences. Also it is generally used in reference to a 'suggestion' from the government or other bureaucratic level.
In the case above, it says that the People's Bank of China strongly suggested that all commercial banks lend only to approved industries.
2006-10-20 21:45:43 · answer #1 · answered by nativeAZ 5 · 0⤊ 0⤋