China's new loans soar in January

New loans denominated in foreign currencies stood at 179.3 billion yuan, representing a year-on-year increase of 194.1 billion yuan, the PBOC said in an online statement.

It said that the country's social financing, a measure of funds raised by entities in the real economy, amounted to 2.54 trillion yuan in January, up 1.56 trillion yuan from the same period of last year.