Beijing, April 11 (IANS) China’s new yuan-denominated lending stood at 2.76 trillion yuan ($441 billion) in the first quarter, up 294.9 billion yuan year on year, the People’s Bank of China announced Thursday.
New loans denominated in foreign currencies stood at $70.9 billion, the People’s Bank of China said in an online statement, reported Xinhua.
It said that the country’s social financing, a measure of funds raised by entities in the real economy, amounted to 6.16 trillion yuan in the first quarter, up 2.27 trillion yuan from the same period last year.
Hill Post Wire
The opinions, beliefs and viewpoints expressed by authors, news service providers on this page do not necessarily reflect the opinions, beliefs and viewpoints of Hill Post. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual. Hill Post makes no representations as to the accuracy or completeness of any information on this site page.
