China-Loan/July

China's July new yuan loans fall

  • English

Shotlist


FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of People's Bank of China headquarters

Beijing, China - Aug 13, 2019 (CGTN - No access Chinese mainland)
2. Graphics showing China's money supply in July

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
3. Currency sign of Chinese yuan

FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
4. Various of Chinese yuan banknotes going through cash counting machine

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
5. Bank clerk putting banknotes through cash counting machine

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of clients in bank, bank clerk serving client

Storyline


China's new yuan-denominated loans stood at 1.06 trillion yuan (about 151 billion U.S. dollars) in July, 397.5 billion yuan (about 56.27 billion U.S. dollars) less than the same period last year, central bank data showed Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.1 percent year on year to 191.94 trillion yuan (about 27.17 trillion U.S. dollars) at the end of July, according to the People's Bank of China (PBOC), the central bank.

The M2 growth was 0.4 percentage points slower than the level at the end of June and at the same period last year.

The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 3.1 percent year on year to 55.3 trillion yuan (about 7.83 trillion U.S. dollars) by the end of last month.

M0, the amount of cash in circulation, increased 4.5 percent year on year to 7.27 trillion yuan (about 1.03 trillion U.S. dollars) by the end of July, according to the PBOC.

Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.01 trillion yuan (about 143 billion U.S. dollars) in July, compared with 2.26 trillion yuan (about 320 billion U.S. dollars) in June.

By the end of July, China's total outstanding social financing rose 10.7 percent year on year to 214.13 trillion yuan (about 30.31 trillion U.S. dollars).

The newly-added loans to the real economy increased by 808.6 billion yuan (about 114.46 billion U.S. dollars) in July, 477.5 billion yuan (about 67.6 billion U.S. dollars) less compared with a year ago, according to the PBOC.

Monday's data also showed that the new yuan-dominated deposits in China rose 642 billion yuan (about 90.88 billion U.S. dollars) in July, 386.7 billion yuan (about 54.74 billion U.S. dollar) less compared with a year earlier.

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  • ID : 8118684
  • Published : 2019-08-13 12:40
  • Last Modified : 2019-08-13 13:56:01
  • Location : China
  • Category : economy, business and finance
  • Duration : 1'04
  • Audio Language : Nats/Part Mute
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 3

China-Loan/July

China's July new yuan loans fall

Dateline : Aug 13, 2019/File

Location : China

Duration : 1'04

  • English


FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of People's Bank of China headquarters

Beijing, China - Aug 13, 2019 (CGTN - No access Chinese mainland)
2. Graphics showing China's money supply in July

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
3. Currency sign of Chinese yuan

FILE: China - Exact Location and Date Unknown (CGTN - No access Chinese mainland)
4. Various of Chinese yuan banknotes going through cash counting machine

FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
5. Bank clerk putting banknotes through cash counting machine

FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
6. Various of clients in bank, bank clerk serving client


China's new yuan-denominated loans stood at 1.06 trillion yuan (about 151 billion U.S. dollars) in July, 397.5 billion yuan (about 56.27 billion U.S. dollars) less than the same period last year, central bank data showed Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.1 percent year on year to 191.94 trillion yuan (about 27.17 trillion U.S. dollars) at the end of July, according to the People's Bank of China (PBOC), the central bank.

The M2 growth was 0.4 percentage points slower than the level at the end of June and at the same period last year.

The narrow measure of the money supply (M1), which covers cash in circulation plus demand deposits, rose 3.1 percent year on year to 55.3 trillion yuan (about 7.83 trillion U.S. dollars) by the end of last month.

M0, the amount of cash in circulation, increased 4.5 percent year on year to 7.27 trillion yuan (about 1.03 trillion U.S. dollars) by the end of July, according to the PBOC.

Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.01 trillion yuan (about 143 billion U.S. dollars) in July, compared with 2.26 trillion yuan (about 320 billion U.S. dollars) in June.

By the end of July, China's total outstanding social financing rose 10.7 percent year on year to 214.13 trillion yuan (about 30.31 trillion U.S. dollars).

The newly-added loans to the real economy increased by 808.6 billion yuan (about 114.46 billion U.S. dollars) in July, 477.5 billion yuan (about 67.6 billion U.S. dollars) less compared with a year ago, according to the PBOC.

Monday's data also showed that the new yuan-dominated deposits in China rose 642 billion yuan (about 90.88 billion U.S. dollars) in July, 386.7 billion yuan (about 54.74 billion U.S. dollar) less compared with a year earlier.

ID : 8118684

Published : 2019-08-13 12:40

Last Modified : 2019-08-13 13:56:01

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

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