www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Macro

China's new yuan loans down in July

(Xinhua) Updated: 2014-08-13 11:11

BEIJING - New credit flowing into the Chinese economy dropped surprisingly in July, spooking economists and raising concerns that the world's second-largest economy may be stuck in a period of weak demand.

China's new yuan-denominated lending marked its slowest growth since November 2011 to reach 385.2 billion yuan ($62.6 billion) in July, down by 314.5 billion yuan from a year earlier, the People's Bank of China (PBOC, or the central bank) said Wednesday.

The decline in July's new lending was much lower compared with the 1.08 trillion yuan in new loans issued in June.

The total social financing aggregate, a broad measure of liquidity in the economy, fell to 273.1 billion yuan in July, which accounted for less than one-seventh of that in June and about one-third of the same period last year, according to the PBOC.

The social financing data also marked the lowest monthly reading since the depths of the global financial crisis in October 2008.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.5 percent year on year to 119.42 trillion yuan at the end of July. The growth rate also slowed by 1.2 percentage points from June.

"The social financing figures in July were truly jaw-dropping," said Lu Zhengwei, chief economist of the Industrial Bank. "They were equal to just a tiny piece of normal months in the past."

After releasing the credit data, the PBOC shortly followed with a two-page statement trying to explain the sharp declines in a bid to soothe the market.

The central bank attributed the plunge in July new credit to multiple factors, including the unexpectedly strong financing data in June, flagging demand for loans amid downward pressures on economic growth, drops in deposits, and risk control by banks in the face of rising bad loans.

Non-performing loans have now risen for 11 straight quarters, according to the PBOC statement.

"A further analysis showed the growth of new credit and social financing still remains in the reasonable range," the PBOC noted in the statement, saying the central bank's monetary policy to "keep total volume stable and optimize the structure" remains unchanged.

"We should not cling to just short-term fluctuation in a single month," the PBOC said, forecasting that credit will keep growing steadily in the future as banks have made loans of between 30 billion and 50 billion yuan each day since the beginning of August.

Lu said that as the government increased investment to stabilize the economy, banks were restrained by the tight capital adequacy ratio regulation, rather than by demand.

He urged regulators to speed up the approval of banks' issuance of preference stocks to replenish their capital.

In the statement, the PBOC vowed to create a "stable monetary environment" for economic restructuring and upgrading and to appropriately fine-tune its monetary policy in a timely way.

 

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 成人公开免费视频 | 怡红院亚洲怡红院首页 | 亚洲免费视频网 | 免费一级欧美片在线观看 | 美女张开腿给男生桶下面视频 | 曰韩三级 | 午夜在线亚洲 | 国产97公开成人免费视频 | 国产三级三级三级三级 | 国产欧美日韩综合精品一区二区 | 欧美一区中文字幕 | 九九99久久 | 国产www | 国产在线更新 | 看成年女人免费午夜视频 | 一级毛片在线不卡直接观看 | 国产精选在线视频 | 亚洲影院手机版777点击进入影院 | 国产国产人免费视频成69堂 | 毛片免费的 | 精品国产免费第一区二区三区日韩 | 综合亚洲欧美日韩一区二区 | 国产精品一国产精品 | 国产精品亚洲片在线观看不卡 | 在线中文 | 国产成人综合日韩精品婷婷九月 | 美女性视频网站 | 成人免费毛片一区二区三区 | 国产精品特级毛片一区二区三区 | 久久久国产精品免费视频 | 国产高清美女一级a毛片久久w | a毛片免费观看 | 韩国精品一区视频在线播放 | 亚洲精品国产精品国自产网站 | 亚洲精品国产国语 | 成人免费的性色视频 | 香蕉超级碰碰碰97视频在线观看 | 国产免费怡红院视频 | 91亚洲人成手机在线观看 | 日韩亚洲精品不卡在线 | 娇喘嗯嗯~轻点啊视频福利 |