Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>Business

China's November new loans see year-on-year fall

(Xinhua)

08:28, December 12, 2012

BEIJING, Dec. 11 (Xinhua) -- New yuan-denominated lending reached 522.9 billion yuan (83 billion U.S. dollars) in November, falling 40 billion yuan year on year, China's central bank announced Tuesday.

The new loan figure fell below market expectations of 550 billion yuan.

However, the figure was up from the 505.2 billion yuan in new yuan loans registered in October, according to the People's Bank of China (PBOC).

The bank said total social financing, a measure of funds raised by entities in the real economy, stood at 1.14 trillion yuan last month, up 183.7 billion yuan from a year earlier.

In the first 11 months of the year, the country's social financing added up to 14.15 trillion yuan, up 2.6 trillion yuan from the same period in 2011, data showed.

New loans denominated in foreign currencies hit 104.8 billion yuan last month, up 99.9 billion yuan year on year, according to the PBOC.

As of the end of November, the broad measure of money supply (M2), which covers cash in circulation and all deposits, jumped 13.9 percent from a year earlier to 94.48 trillion yuan, according to the PBOC. The growth rate was 0.2 percentage points lower than the figure for October.

【1】 【2】


We recommend:

'Boeing Dreamliner riddled with errors

HK tops China City Competitiveness Ranking

China's electric rail mileage ranked world's first

10th China Int'l Automobile Exhibition concludes

Harbin-Dalian high-speed railway starts operation

New wave of communication tools

Alibaba's 2012 transaction volume hits 1 trln yuan

China's savings rate world's highest

iPhone 5 launch event held in Seoul, S. Korea

Email|Print|Comments(Editor:马茜、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's WZ-10 armed copters in training

  2. PLA recruits to join army units

  3. Unforgettable moments you cannot miss

  4. Fantastic undersea world in Indonesia

  5. Cumquat market in S China's Guangxi

  6. Apple may launch iPhone 5S in mid-2013

  7. 2013's holiday dates cause upset for some

  8. Carrefour store accused of pricing fraud

Most Popular

Opinions

  1. Cultivating a natural lifestyle at Green City
  2. ASEAN economies poised to keep robust growth
  3. Translation industry needs legislation and regulation
  4. Mo mania's impact on Chinese writing
  5. Turning point in China's economy growth at hand
  6. Long way for CNOOC after Nexen takeover approval
  7. More translations needed for Chinese literature
  8. Commentary: Western powers should drop bias
  9. Stock market needs regulation, not promotion
  10. BRICS economies are not fading

What’s happening in China

Cumquat market in S China's Guangxi

  1. 'Smiling rainbow' brightens city sky
  2. China to protect 1,000 minority villages
  3. Building catches fire in Shanghai's Pudong
  4. Computerized welfare lottery sales hit 100 bln RMB
  5. Foreigners asked to retrace Long March