Nation's social financing expands, says PBOC

Sector's development greatly supports regional economic growth

China's social financing has expanded rapidly in recent years and strongly supported regional economic growth, according to statistics published by the People's Bank of China on Thursday.

In the eastern region, social financing hit 9.04 trillion yuan ($1.49 trillion) in 2013, increasing by 1.39 trillion yuan from 2011. In the central region, it rose by 1.10 trillion yuan to 3.40 trillion yuan. And in the western region, it increased by 1.29 trillion yuan to 3.79 trillion yuan.