久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

US EUROPE AFRICA ASIA 中文
Business / Finance

China's Feb new yuan loans continue to rise

(Xinhua) Updated: 2015-03-13 07:15

China's Feb new yuan loans continue to rise

An employee counts yuan banknotes at a bank in Huaibei, Anhui province June 22, 2010.[Photo/Agencies]

BEIJING - China's new yuan-denominated lending in February hit 1.02 trillion yuan ($166.7 billion), up 376.8 billion yuan from one year earlier, official data showed on Thursday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 12.5 percent year on year to 125.74 trillion yuan at the end of February, higher than the 10.8-percent growth seen in January, according to data released by the People's Bank of China, the central bank.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 5.6 percent year on year to 33.44 trillion yuan.

Total private financing in February stood at 1.35 trillion yuan, up 460.8 billion yuan from a year ago, said the central bank.

Total outstanding loans stood at 90.28 trillion yuan at the end of February, up 13.8 percent from previous year, while outstanding deposits rose 11.4 percent year on year to 126.47 trillion yuan.

"The year-on-year M2 growth in February was higher than expected, thanks to the implementation of an expansionary fiscal policy," said Bob Liu, an analyst at the China International Capital Corp.

The large counter-seasonal decline in fiscal deposits by 470.5 billion yuan was a key reason for the significantly higher M2 growth in February, Liu added.

He said over January-February, fiscal deposits increased 229.5 billion yuan, much less than the increase of 576.5 billion yuan a year earlier, while year-on-year growth slowed to 4.7 percent.

"This may be a sign that the implementation of a really expansionary fiscal policy has begun," he said.

Liu added that usually fiscal spending begins in March rather than in February. The early fiscal spending this year is needed to stabilize the economy and also pushed up year-on-year M2 growth in February.

The new yuan loans amount slightly exceeded expectations of 1 trillion yuan and the rise in loans to the corporate sector suggested an improved credit structure, according to the analyst.

Dragged down by a housing slowdown, softening domestic demand and unsteady exports, China's economy grew in 2014 by 7.4 percent, the weakest in 24 years. And a string of economic indicators for the new year, including manufacturing and trade data, all suggested continued weakness.

To arrest the economic slowdown, China's central bank announced on Feb. 28 that it would slash benchmark deposit and loan interest rates by 25 basis points, the second such cut in three months.

Previously, it had lowered the reserve requirement ratio (RRR) for banks to inject more monetary to the economy

But analysts largely believe more such easing moves will be needed.

"Policy adjustments may still be a bit too slow relative to the deterioration of economic data. We maintain our forecast of six more RRR cuts and one more 25 basic points benchmark interest rate cut this year," said Bob Liu.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 热99re久久精品2久久久 | 亚洲国产成人精品一区二区三区 | 国内精品久久久久久久aa护士 | 日韩欧美在线看 | 特级片免费看 | 国产美女一区二区在线观看 | 性欧美欧美之巨大69 | 国产精品情人露脸在线观看 | 日韩欧美在线视频观看 | 日韩a一级欧美一级 | 中文国产成人精品久久一区 | 91精品国产91久久久久久 | 国产亚洲欧美日韩综合综合二区 | 毛片在线播放a | 国产在线观看91精品一区 | 亚洲国产日韩精品 | 久久精品一区二区三区中文字幕 | 夜间福利在线观看 | 亚洲国产精品综合久久20 | 免费的一级片网站 | 久久久久久一级毛片免费无遮挡 | 欧美日韩精品乱国产 | 女人野外小树林一级毛片 | 在线91精品亚洲网站精品成人 | 天天看片天天爽 | 91精品免费高清在线 | 91久久精品国产一区二区 | 美女午夜色视频在线观看 | 日日摸日日碰夜夜97 | 中文国产日韩欧美视频 | 欧美一级精品高清在线观看 | 亚洲日本一区二区三区 | 久久精品二三区 | 夜间福利在线观看 | 美女黄色免费看 | 看免费人成va视频全 | 欧美一区不卡二区不卡三区 | 久章草视频 | 毛片毛片毛是个毛毛片 | 9久9久女女热精品视频免费观看 | 中国老太卖淫播放毛片 |