New loans to hit 700b yuan in July
Updated: 2012-07-30 18:00
(chinadaily.com.cn)
|
||||||||
New loans are estimated to hit around 700 billion yuan ($109.9 billion) in July, according to an authoritative source,reported Economic Information Daily on Monday.
As the latest central bank data shows, as of the end of June, the outstanding loans designated to support fixed-assets investment amounted to 20.28 trillion yuan, an increase of 10.3 percent year-on-year and the growth rate was 0.4 percentage points higher than that at the end of the previous quarter.
Experts pointed out that the rebound in loans indicates that China's fixed asset investment will regain momentum.
China's banking loans have also shown a trend of accelerated growth since the second quarter. According to central bank data, China's new banking loans reached 919.8 billion yuan in June, an increase of over 280 billion yuan year-on-year. The new loans reached 4.86 trillion yuan in the first half, an increase of nearly 700 billion yuan compared with the same period last year.
- Relief reaches isolated village
- Rainfall poses new threats to quake-hit region
- Funerals begin for Boston bombing victims
- Quake takeaway from China's Air Force
- Obama celebrates young inventors at science fair
- Earth Day marked around the world
- Volunteer team helping students find sense of normalcy
- Ethnic groups quick to join rescue efforts
Most Viewed
Editor's Picks
Supplies pour into isolated villages |
All-out efforts to save lives |
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
Today's Top News
Health new priority for quake zone
Xi meets US top military officer
Japan's boats driven out of Diaoyu
China mulls online shopping legislation
Bird flu death toll rises to 22
Putin appoints new ambassador to China
Japanese ships blocked from Diaoyu Islands
Inspired by Guan, more Chinese pick up golf
US Weekly
Beyond Yao
|
Money power |