BEIJING
christian louboutin deutschland, May 11 (Xinhua) -- China's bank credits fell considerably in April after staying above 1 trillion yuan for three straight months, with yuan-denominated new loans standing at 591.8 billion yuan (about 86.65 billion U.S. dollars), the People's Bank of China (PBOC) said here Monday. It brings outstanding loans in financial institutions up 29.72 percent to 35.55 trillion yuan by the end of April. The loan increase in April was less drastic than in the first quarter, which was largely in line with market forecasts. The country has pumped 4.58 trillion yuan (670 billion U.S. dollars) of new loans into the economy in the first quarter to stimulate growth. The figure is already nearing 5 trillion yuan of new loans targeted for the whole year. In March alone, new loans increased by a record 1.89 trillion yuan. The reminbi deposit increased by 1.03 trillion yuan in April, making the outstanding deposit 53.29 trillion yuan
asics laufschuhe, up 26.21 percent. In the first-quarter monetary policy report released earlier this month, the central bank said it would continue to instruct financial institutions to extend new loans, despite the earlier surge. Ding Zhijie, deputy director of the Finance Institute of the University of International Business and Economics, estimated that loan increases would further slow down in the second quarter, but the liquidity would remain abundant. In the upcoming months, new bank loans should keep growing by 400 to 500 billion yuan per month, estimated Liu Yuhui, an economist with Chinese Academy of Social Sciences (CASS). The new loans this year would reach about 9 trillion yuan
g-star jeans raw, said Liu. The broad money supply, M2
Canada Goose Parka, gained 25.95 percent to 54.05 trillion yuan at April end from a year earlier, said the bank. M1, the narrowest measure of money supply that includes cash in circulation plus corporate current deposits
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belstaff jacken herren, up 17.48 percent. The lasting growth in M1 showed more loans are entering real economy, making the economy more active, experts said. But the gap between M1 and M2 remained high, suggesting that a considerable amount of savings was still locked up in fixed deposits, instead of flowing into the economy. China's new loan growth may decline in April BEIJING, May 5 (Xinhua) -- Credit extended by China's banks in April may have dropped to above 600 billion yuan (about 87.85 billion U.S. dollars) after staying at above 1 trillion yuan for three straight months, industry insiders said. Despite the sharp month-on-month decline
converse billig, the scale and growth of the April new loans was "more reasonable" than that in the first three months this year, said Tuesday's China Securities Journal, citing unidentified sources with banks. Full story Banking regulator says government new loans not limited to 5 trillion yuan BOAO, Hainan, April 18 (Xinhua) -- China's banking regulator said Saturday the government's target of new loans this year is not limited to 5 trillion yuan (735.3 billion U.S. dollars), and all funds should help keep the sustainable and rapid development of the economy. Liu Mingkang, chairman of the China Banking Regulatory Commission, made the remarks at a panel discussion of the Boao Forum for Asia (BFA). Full storyChina's new yuan loans surge BEIJING, April 17 -- The explosive credit growth over the past few months has propped up the sagging economy, but it may also plant the seed for an asset price bubble and inflation, according to experts. "The positive news for the first quarter is the strong loan growth," Wang Tao
abercrombie fitch parfüm, head of China Economic Research with UBS Securities, said at a forum on Wednesday. "It is a sign that China's growth relies more on credit rather than fiscal stimulus." Full storyChina's new yuan loans hit 1.3 trln yuan in March BEIJING, April 3 -- China's new yuan loans amounted to 1.3 trillion yuan in March as the country continued to pump in massive liquidity into the economy to battle impacts of the global financial crisis, a source close to the matter told China Daily. A report by Caijing magazine on Tuesday said new yuan loans extended by the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and the Bank of Communications exceeded 800 billion yuan in March. Full storyRelated articles：
