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Smoking to die out in New Zealand within half a century,[link widoczny dla zalogowanych],[link widoczny dla zalogowanych]
Smoking could "virtually disappear" in New Zealand and many other developed countries within half a century, according to research by a major investment bank.But Citigroup reckons the habit could be almost wiped out in Australia in as little as 20 years.Smoking prevalence is 17 percent in Australia and 19-20 percent in New Zealand,[link widoczny dla zalogowanych], depending on the data source,[link widoczny dla zalogowanych], although Citigroup puts the NZ rate at 18 percent.
But even if New Zealand has gone smokefree by 2061,[link widoczny dla zalogowanych], the epidemic of smoking-related disease and premature deaths for many smokers will linger."The deaths stop 20 to 50 years after smoking ends,[link widoczny dla zalogowanych]," Christchurch public health researcher Murray Laugesen said on Tuesday.
He said the Health Ministry estimated before the government announced its tobacco tax increases last April that New Zealand smoking prevalence would drop to 9 percent by 2051. He calculated that the tax rises could shave off a further 3 percentage points.Tobacco control groups were predicting before the tax announcement that on the current rate of decline in smoking, it would take 70 years for New Zealand to become smokefree.
New yuan-denominated lending in China reached 7.95 trillion yuan (about 1.2 trillion U.S. dollars) last year,[link widoczny dla zalogowanych], the People's Bank of China (PBOC),[link widoczny dla zalogowanych], the central bank,[link widoczny dla zalogowanych], said Tuesday.
The figure was 1.65 trillion yuan less than the 2009 level of 9.6 trillion yuan,[link widoczny dla zalogowanych], said the bank in a statement on its website. But it has overshot the government's full-year target of 7.5 trillion yuan.
New yuan-denominated loans in December last year stood at 480.7 billion yuan.The country's foreign exchange reserves reached 2.85 trillion U.S.dollars by the end of last year,[link widoczny dla zalogowanych], up 18.7 percent from a year earlier,[link widoczny dla zalogowanych], said the statement.China's broad money supply (M2),[link widoczny dla zalogowanych], which covers cash in circulation and all deposits,[link widoczny dla zalogowanych], had increased 19.7 percent year on year to 72.58 trillion yuan at the end of last year.
The growth rate was 8 percentage points slower from a year ago,[link widoczny dla zalogowanych], but still exceeded the government target of 17 percent.The narrow measure of money supply (M1),[link widoczny dla zalogowanych], cash in circulation plus current corporate deposits, climbed 21.2 percent from a year earlier to 26.66 trillion yuan.
Chinese government had been working to tighten bank lending to cub liquidity and restrain assets bubbles by increasing one-year lending and deposit interest rate twice and bank reserve requirement ratio six times in 2010.
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