Money

PBOC sets social financing at 14t yuan this year

(Xinhua)
Updated: 2011-04-14 17:32

BEIJING, - China's central bank, the People's Bank of China (PBOC), said on Thursday that it set this year's social financing at around 14 trillion yuan ($2.14 trillion).

The indicator gauges the overall pace of fundraising to help the central bank judge how much liquidity is in the financial system.