China's Bank Loan Hits 1.07 tln Yuan in Feb.
[2009-03-13 10:14:54]
Premier Wen Jiabao said on March 5 at the opening of the National People's Congress, the top legislative body, that new yuan-denominated loans this year were expected to reach 5 trillion yuan.
According to the central bank, outstanding Renminbi loans stood at 33.06 trillion yuan by the end of February, up 24.17 percent year-on-year. The growth was 5.44 percentage points higher than the end of 2008, and 2.85 percentage points higher than January.
Through February, the M2 -- a broad measure of money supply, which covers cash in circulation and all deposits -- figure grew by 20.48 percent from a year earlier to 50.71 trillion yuan.
The outstanding amount of M0, or cash in circulation, hit 3.51 trillion yuan, up 8.28 percent from the same period last year.
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BEIJING, March 9 (Xinhua) -- The two annual sessions of Chinese lawmakers and advisors currently being held in Beijing against the backdrop of the world financial crisis is in the spotlight of world attention. Full story
BEIJING, Dec. 2 (Xinhua) -- Chinese economy is forecast to grow by more than 9 percent next year, according to an annual blue paper released by the Chinese Academy of Social Science on Tuesday. Full story
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BEIJING, Nov. 25 (Xinhua) -- The World Bank on Tuesday cut its 2009 forecast for China's economic growth to 7.5 percent, from 9.2 percent previously, in a report released here. Full story China planner offers details on 4 trln yuan stimulus package
BEIJING, Nov. 14 (Xinhua) -- A senior Chinese planning official told reporters here on Friday that the new 4 trillion yuan (586 billion U.S. dollars) economic stimulus package includes 1.18 trillion yuan from the central government through 2010. Full story |
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