![]() She says that she has heard that spies from the Organization have infiltrated the Huntik Foundation under orders from the Professor, the evil Seeker in charge of the Organization and who happens to be a man capable of mind manipulation. Afterwards, Zhalia is introduced as the Huntik Foundation's new "lone wolf" Seeker. With their help and that of her other Titan, Strix, Dante’s team wins the battle. She and her Titan, Gareon, enter the Prague Huntik Hotel where Dante, Lok, Sophie, and Cherit are under attack by Organization Suits and their Redcap Titans. On the streets outside, the mysterious Seeker, Zhalia Moon, removes and destroys an earpiece. Dante suggests using small and fast Titans such as Solwing and Sabriel. Dante goes over a plan to find the tomb of Jodis Lore within the Prague Central Cemetery as Organization Suits lurking outside catch wind of their plans. In a hotel in Prague, Czech Republic, Dante Vale uses his Holotome to gain information about his, Lok Lambert, and Sophie Casterwill's first mission together, The Golem of Prague. They also find Jodis Lore's notes, but are unable to decipher them. ![]() Lok manages to invoke Kipperin and allows Dante to bond with the hidden Titan, Metagolem. Though the Organization gain the key, the team is able to make a replica from an imprint. They are ambushed by the Organization but are assisted by the mysterious Zhalia Moon, who joins in the investigation of the golem. But the premier stopped short of outright condemning all non-bank loans.Pursuing clues about Eathon Lambert and the Amulet of Will, Dante Vale, Lok Lambert, Sophie Casterwill, and Cherit head to Prague, Czech Republic. Wen also demanded tighter controls on informal lending. Outstanding private loans in Wenzhou, a coastal business city in Zhejiang, rose to 110 billion yuan ($17.2 billion) this year, up from 80 billion last year, according to Chinese central bank estimates. Such high informal rates, more than 15 times China’s benchmark lending rates, have pushed some firms beyond the limit, especially in Zhejiang province, a hub of private enterprise.Īccording to local media reports, the private lending rates, set at between 6-10 percent a month, have driven some smaller property developers into bankruptcy and triggered a string of Chinese entrepreneurs to go into hiding to avoid repaying loans. Many cash-strapped firms have been unable to borrow from banks during a credit clampdown by Beijing, and some have turned to China’s underground lending market, which pools money from individuals and firms and lends it out at annual interest rates as high as 100 percent. Wen’s demand that banks do more to help smaller private businesses underscored the growing sensitivity of tight credit controls and Chinese banks’ general preference to lend to bigger firms, especially state-owned ones. “Raise the level of tolerance of non-performing loans from small and medium-sized enterprises,” Wen also said. The government must “improve incentives and barriers to encourage all kinds of financial institutions to provide better financial services to small businesses,” said Wen, who added that there should be clear demands for the amount of bank credit that goes to such smaller businesses. “Small and medium-sized businesses play an irreplaceable role in expanding employment and promoting growth,” said Wen, according to a Xinhua news agency account of his visit to Zhejiang on Monday and Tuesday. Wen did not mention fleeing businessmen in his published remarks, but the problem appeared to lie behind his calls for regulators to ensure banks lend more to small and medium-sized firms and also get a tighter grip on informal credit. It is widely expected to cool for the rest of 2011, though it may remain elevated. Wen said despite those strains and a worrisome international economic outlook, China’s economy is “basically in good shape,” the state-run Xinhua news agency reported.Ĭhina had tilted fiscal policy more toward cooling price rises and has “tentatively contained the trend toward excessively fast price rises, with the economy maintaining stable and relatively fast growth,” said Wen.Ĭhina’s annual inflation rate eased to 6.2 percent in August from a three-year high of 6.5 percent in July. ![]() Wen made the remarks while visiting Zhejiang province in eastern China, where reports have said a string of private entrepreneurs starved of formal bank credit have gone into hiding to avoid repaying high-interest informal loans. BEIJING (Reuters) - Chinese Premier Wen Jiabao said his government has scored initial success in taming inflation, and told banks to lend more to small firms and tolerate high levels of bad debt from them, official media reported on Wednesday.
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