Xinhua
10 Jul 2020, 17:35 GMT+10
A citizen selects vegetables at a supermarket in Changchun City, northeast China's Jilin Province, July 8, 2020. (Photo by Yan Linyun/Xinhua)
BEIJING, July 10 (Xinhua) -- China's newly added social financing, a measurement of funds the real economy receives from the financial system, came in at 20.83 trillion yuan (about 3 trillion U.S. dollars) in the first half of this year, up 6.22 trillion yuan year on year, central bank data showed Friday.
In breakdown, yuan-denominated loans to the real economy increased by 12.33 trillion yuan, up 2.31 trillion yuan from a year ago, and net financing via corporate bonds saw stellar growth of 1.76 trillion yuan to 3.33 trillion yuan, according to the People's Bank of China.
In June alone, China's newly added social financing hit 3.43 trillion yuan, up 809.9 billion yuan year on year.
By the end of June, total social financing reached 271.8 trillion yuan, up 12.8 percent year on year.
The central bank has vowed stronger macroeconomic policy adjustments, as well as better fiscal, monetary, and employment policy coordination and implementation to counter the impact of COVID-19 on economic growth.
The country will pursue a prudent monetary policy in a more flexible and appropriate way, and encourage financial institutions to enhance support for the real economy, especially small and micro companies as well as private firms, the central bank said last month. ■
Get a daily dose of Greek Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.
More InformationWASHINGTON, D.C.: Filmmaker Peter Jackson's lifelong fascination with the extinct giant New Zealand flightless bird called the moa...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
DUBLIN, Ireland: Taoiseach Micheál Martin has expressed cautious optimism that the European Union and the United States can strike...
OTTAWA, Canada: With Canada Post struggling to maintain operations amid labour unrest, rivals like FedEx and UPS are stepping in to...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
Mehsana (Gujarat) [India], July 13 (ANI): The father of Sanket Goswami, a 19-year-old student who died in last month's Air India AI171...
The organization was banned last month after its members broke into an airbase and vandalized two military planes More than 70 people...
New Caledonia will be granted statehood, but not full independence France has agreed to grant greater autonomy to its Pacific territory...
Tel Aviv [Israel], July 13 (ANI/TPS): In response to reports that negotiations in Qatar have stalled, and following an unnamed Israeli...
Tel Aviv [Israel], July 13 (ANI/TPS): On Friday, a terrorist operative involved in advancing attacks against Israel in the northern...
Criminal probes against tech giants will only damage the French economy, Pavel Durov has said ...
(Photo credit: Erik Williams-Imagn Images) China's Yan Liu was hovering around the cut line when she was assessed a two-stroke penalty...