A dogma of constant growth of lending in the limited global economic space

[Nikolay Kryachkov]

From

http://www.londonsummit.gov.uk/resources/en/PDF/final-communique

"4. We have today therefore pledged to do whatever is necessary to:
- restore confidence, growth, and jobs;
- repair the financial system to restore lending;
- strengthen financial regulation to rebuild trust;
- fund and reform our international financial institutions to overcome
this crisis and prevent future ones;
- promote global trade and investment and reject protectionism, to
underpin prosperity; and
- build an inclusive, green, and sustainable recovery.

...

8. Our actions to restore growth cannot be effective until we restore
domestic lending and international capital flows."

As far as I know China will go away from lending based development and
will increase living standards of own citizens.

Is it the end of lending based globalization?

Nikolay