1. Text: | Print|

      China's new yuan loans up in May

      2014-06-12 16:49 Xinhua Web Editor: Qin Dexing
      1

      China's new yuan-denominated lending amounted to 870.8 billion yuan (141.56 billion U.S. dollars) in May, rebounding from the previous month and bettering market estimates.

      The volume was higher than the 774.7 billion yuan recorded in April and up 201.4 billion yuan on a year-on-year basis, said the People's Bank of China (PBoC) in an online statement on Thursday.

      M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.4 percent year on year to 118.23 trillion yuan at the end of May.

      The growth pace was 0.2 percentage points higher than the previous month but 2.4 percentage points down from a year ago.

      The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, expanded 5.7 percent to 32.78 trillion yuan as of the end of last month.

      Meanwhile, China's total social financing aggregate, a broad measure of liquidity in the economy, came in at 1.4 trillion yuan in May, up 217.4 billion yuan year on year but 145.4 billion yuan less than the previous month.

      Last month's increase in new yuan loans reversed the decline in April and gave encouraging signs of national economic growth, as the central bank implemented targeted easing measures to support the real economy.

      The country's economy grew by 7.4 percent in the first quarter this year, down from 7.7 percent in the fourth quarter of 2013 and marking the lowest quarterly growth since the third quarter of 2012.

      Zhong Zhengsheng, a macro economy analyst with Guosen Securities, attributed the higher-than-expected increase in money supply to recent fiscal and monetary measures released by the central government.

      The Ministry of Finance has asked local governments to accelerate spending, while the central bank announced an array of targeted cuts to the reserve requirement ratio for banks engaged in proportionate lending to agricultural and small firms.

      Zhong's words were echoed by Zhang Zhiwei, an economist with Nomura Securities, who added the rise in money growth was also the result of loans provided by the PBoC to the China Development Bank via the re-lending facility.

      Data from last month also showed the financial sector has served the real economy better under a series of pro-growth measures, Zhong said.

      Loans to non-financial enterprises and other sectors increased by 558.6 billion yuan in last month, higher than 494.8 billion yuan in April, with 62.3 percent of which were medium- and long-term loans, also up substantially from April.

      Zhang expects further easing measures in the next few months to help stabilize GDP growth. Nomura Securities raised its forecast of China's full-year GDP growth to 7.5 percent on June 3.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 亚洲乱码国产一区三区| 亚洲午夜久久久久久久久久| 亚洲人成伊人成综合网久久| 久热免费在线视频| 亚洲AV无码国产丝袜在线观看| 国产啪精品视频网站免费尤物 | 蜜桃精品免费久久久久影院| 亚洲精品中文字幕无乱码麻豆 | 免费a级毛片无码av| 麻豆安全免费网址入口| 亚洲?V无码乱码国产精品| 人妖系列免费网站观看| 亚洲人成亚洲人成在线观看| 久久免费高清视频| 亚洲酒色1314狠狠做| 在线观看免费人成视频色9| 亚洲日韩AV一区二区三区中文| 国产成人免费高清在线观看| 添bbb免费观看高清视频| 亚洲日韩小电影在线观看| 久久www免费人成看国产片| 亚洲一二成人精品区| 免费毛片a在线观看67194| WWW亚洲色大成网络.COM| 综合久久久久久中文字幕亚洲国产国产综合一区首 | 亚洲精品美女久久7777777| 在线观看免费国产视频| 男女一进一出抽搐免费视频| 亚洲a一级免费视频| 99re热免费精品视频观看| 狼人大香伊蕉国产WWW亚洲 | 亚洲综合激情六月婷婷在线观看| 黄页免费的网站勿入免费直接进入| 亚洲精华液一二三产区| 亚洲精品无码久久一线| 又粗又大又黑又长的免费视频 | 黄页网址在线免费观看| 亚洲AV无码一区二区乱子伦| 妞干网手机免费视频| 精品熟女少妇aⅴ免费久久| 亚洲av无码一区二区三区天堂古代|