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China-New Loans
FILE: Beijing, China - Exact Date Unknown
1. Various of People's Bank of China headquarters
FILE: China - Exact Location and Date Unknown
2. Various of Chinese yuan banknotes going through cash counting machine
3. Bundles of Chinese yuan banknotes
4. Various of Chinese yuan banknotes being counted by bank clerk
5. Various of commercial bank premises, signs
6. Various of Chinese yuan banknotes being counted by bank clerk
7. Bank clerk counting Chinese yuan banknotes by hand
8. Bank clerk serving customers
9. Bank clerk counting Chinese yuan by hand
10. Various of customer receiving, counting stack of Chinese yuan banknotes
11. Various of automobile assembly line
12. Various of cargo ship sailing
13. Various of port, containers
China's new yuan-denominated lending in December hit 584.4 billion yuan (about 90 billion U.S. dollars), 460 billion yuan less than the same period one year ago, central bank data showed Friday.
The rise in December was much lower than the expected 1 trillion yuan, and the lowest since April 2016.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 167.68 trillion yuan at the end of December, up 8.2 percent from a year earlier or 3.1 percentage points down from a year ago, the People's Bank of China said in an online statement.
The narrower measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 11.8 percent year on year to 54.38 trillion yuan at the end of December. The growth rate was 9.6 percentage points down from one year ago.
China's outstanding total social financing, which involves investments made to social and charitable organizations, for 2017 was 174.64 trillion, up 12 percent from 2016.
In response to a government drive to reduce risks in the financial system, borrowing costs in China have only risen.
China-New Loans
Dateline : File
Location : China
Duration : 2'00
FILE: Beijing, China - Exact Date Unknown
1. Various of People's Bank of China headquarters
FILE: China - Exact Location and Date Unknown
2. Various of Chinese yuan banknotes going through cash counting machine
3. Bundles of Chinese yuan banknotes
4. Various of Chinese yuan banknotes being counted by bank clerk
5. Various of commercial bank premises, signs
6. Various of Chinese yuan banknotes being counted by bank clerk
7. Bank clerk counting Chinese yuan banknotes by hand
8. Bank clerk serving customers
9. Bank clerk counting Chinese yuan by hand
10. Various of customer receiving, counting stack of Chinese yuan banknotes
11. Various of automobile assembly line
12. Various of cargo ship sailing
13. Various of port, containers
China's new yuan-denominated lending in December hit 584.4 billion yuan (about 90 billion U.S. dollars), 460 billion yuan less than the same period one year ago, central bank data showed Friday.
The rise in December was much lower than the expected 1 trillion yuan, and the lowest since April 2016.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 167.68 trillion yuan at the end of December, up 8.2 percent from a year earlier or 3.1 percentage points down from a year ago, the People's Bank of China said in an online statement.
The narrower measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 11.8 percent year on year to 54.38 trillion yuan at the end of December. The growth rate was 9.6 percentage points down from one year ago.
China's outstanding total social financing, which involves investments made to social and charitable organizations, for 2017 was 174.64 trillion, up 12 percent from 2016.
In response to a government drive to reduce risks in the financial system, borrowing costs in China have only risen.
ID : 8070807
Published : 2018-01-12 18:26
Last Modified : 2019-03-19 00:42:00
Source : China Global Television Network (CGTN)
Restrictions : No access Chinese mainland
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