综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Markets

China Aug bank lending picks up, in line with forecast

(Agencies) Updated: 2014-09-12 14:14

China Aug bank lending picks up, in line with forecast

A clerk counts yuan bills at a bank in Huaibei, East China's Anhui province. [Photo/IC]

BEIJING?- Chinese banks made 702.5 billion yuan ($114.6 billion) of new loans in August, data showed on Friday, picking up from an abrupt drop in the previous month as the government keeps up modest policy support for the economy.

The number was in line with market expectations.

Economists polled by Reuters had expected new loans totaling 700 billion yuan in August, up from 385.2 billion yuan in July but trailing June's 1.08 trillion yuan.

Broad M2 money supply rose 12.8 percent in August from a year earlier, the People's Bank of China said in a statement on its website, below 13.4 percent expected by economists and the slowest pace in five months.

Outstanding yuan loans grew 13.3 percent from a year ago, slightly above a predicted 13.2 percent rise.

China's total social financing aggregate, a broad measure of liquidity in the economy, was 957.4 billion yuan in August, versus 273.1 billion yuan in July, which was the lowest in nearly six years.

The unexpectedly weak July credit and financing figures had added to fears that a sustained economic recovery may be at risk in the second half of the year despite government efforts to shore up growth. Chinese banks recently reported an increase in bad loans for the first half of the year, prompting speculation they would clamp down on new credit, especially to more vulnerable sectors of the economy.

A raft of stimulus steps since April, including faster spending on infrastructure work and cuts in reserve requirements for small banks, lifted annual economic growth to 7.5 percent in the second quarter from an 18-month low of 7.4 percent for January-March.

But the July credit slump, alongside tepid growth in investment and factory output, suggested the world's second-largest economy may need fresh support to help offset the increasing drag from a cooling property sector.

Premier Li Keqiang said last month that the government will maintain its "targeted" policy stance to keep economic growth on track, focusing on investment projects in key areas.

Li said on Monday that China cannot rely on loose credit to lift its economy, and reassured listeners at a business forum that the economy could grow by around 7.5 percent this year as targeted by the government.

Still, many analysts believe the door for cutting interest rates or reserve requirements for all banks remains open if conditions deteriorate further.

 

Hot Topics

Editor's Picks
...
...
靖宇县| 南阳市| 德格县| 定襄县| 泸水县| 阜南县| 彰武县| 湘潭市| 沙湾县| 喀喇沁旗| 深水埗区| 通化县| 瓦房店市| 黎城县| 玉环县| 安化县| 大城县| 正蓝旗| 宣武区| 山阴县| 新龙县| 修武县| 旅游| 邵阳市| 海城市| 普安县| 武陟县| 车致| 禹州市| 东丰县| 江西省| 曲周县| 滁州市| 炉霍县| 土默特左旗| 怀仁县| 玉屏| 曲水县| 修武县| 克东县| 当涂县|