New loans to hit 700b yuan in July
Updated: 2012-07-30 18:00
(chinadaily.com.cn)
|
|||||||||||
New loans are estimated to hit around 700 billion yuan ($109.9 billion) in July, according to an authoritative source,reported Economic Information Daily on Monday.
As the latest central bank data shows, as of the end of June, the outstanding loans designated to support fixed-assets investment amounted to 20.28 trillion yuan, an increase of 10.3 percent year-on-year and the growth rate was 0.4 percentage points higher than that at the end of the previous quarter.
Experts pointed out that the rebound in loans indicates that China's fixed asset investment will regain momentum.
China's banking loans have also shown a trend of accelerated growth since the second quarter. According to central bank data, China's new banking loans reached 919.8 billion yuan in June, an increase of over 280 billion yuan year-on-year. The new loans reached 4.86 trillion yuan in the first half, an increase of nearly 700 billion yuan compared with the same period last year.
Related Stories
New loans in July may hit 600b yuan 2012-07-23 17:56
Bank loans to small firms rise in H1 2012-07-20 11:19
Big Four banks' loans up in first half of July 2012-07-19 15:54
China provides largest loan to Cambodia 2012-07-17 17:40
Wenzhou bad loans jump 2012-07-17 14:51
Today's Top News
President Xi confident in recovery from quake
H7N9 update: 104 cases, 21 deaths
Telecom workers restore links
Coal mine blast kills 18 in Jilin
Intl scholarship puts China on the map
More bird flu patients discharged
Gold loses sheen, but still a safe bet
US 'turns blind eye to human rights'
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
All-out efforts to save lives |
Liaoning: China's oceangoing giant |
Poultry industry under pressure |
'Spring' in the air for NGOs? |
Boy set to drive Chinese golf |
Latest technology gets people talking |