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China's industrial loans record robust growth

Xinhua | Updated: 2022-08-07 09:48

A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service]

BEIJING - China's mid- and long-term loans to industry saw steady expansion in the first half of the year (H1), a report from the People's Bank of China shows.

By the end of June, the balance of the loans in yuan and foreign currencies stood at 15.25 trillion yuan ($2.26 trillion), surging 21.2 percent year-on-year, with a pace 10.4 percentage points faster than the overall growth of loans, according to the report.

In H1, China's mid- and long-term industrial loans increased 1.81 trillion yuan, up 218.1 billion yuan from the same period last year.

The data also shows that outstanding mid- and long-term loans to the tertiary sector in yuan and foreign currencies totaled 53.3 trillion yuan as of the end of H1, up 9 percent year-on-year.

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