综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

China reports record $1.4 trln in loans in 2009

(Xinhua)
Updated: 2010-01-15 21:36
Large Medium Small

BEIJING: China's new yuan-denominated lending last year hit a record 9.59 trillion yuan (US$1.4 trillion), almost double that of the previous year, the People's Bank of China (PBOC), the central bank, announced Friday.

The figure compared with the 5-trillion-yuan annual target the government set at the beginning of 2009.

New yuan-denominated lending in December rose to 379.8 billion yuan from November's 294.8 billion yuan and 253 billion yuan in October, the central bank said.

The December statistics suggested that China's credit rise was returning to a reasonable growth, said Liu Yuhui, economist with the Chinese Academy of Social Sciences, a government think tank.

Related readings:
China reports record $1.4 trln in loans in 2009 China on the road to low-carbon economy
China reports record $1.4 trln in loans in 2009 China, Saudi Arabia convenes 4th joint meeting on economy, trade
China reports record $1.4 trln in loans in 2009 Economy will drive workout habits in 2010: poll
China reports record $1.4 trln in loans in 2009 China economy to grow 9.5% in 2010: thinktank

At the end of December, outstanding loans by financial institutions stood at 39.97 trillion yuan, up 31.74 percent year on year, according to the PBOC.

The broad measure of money supply, M2, which covers cash in circulation and all deposits, rose 27.68 percent from a year earlier as of the end of December, 9.86 percentage points higher than that at the end of 2008.

The narrow measure of money supply, M1 (cash in circulation plus current corporate deposits), was up 32.35 percent to 22 trillion yuan.

Renminbi deposits in 2009 were up by 13.13 trillion yuan, a rise of 5.44 trillion yuan year on year.

The government shifted to the moderately easy monetary policy in 2009 from a tight monetary policy in 2008 to help the national economy counter adverse impacts of the global financial crisis.

However, the lending boom and soaring housing prices have ignited concerns about a risk of an assets bubble and increasing inflation.

The PBOC and the country's policy-makers have repeatedly stated that the government would maintain the continuity and stability of macroeconomic policy and continue the proactive fiscal policy and moderately easy monetary policy in 2010. But it would enhance the focus and flexibility of macroeconomic policy according to conditions.

On Tuesday, the central bank decided to raise the reserve requirement ratio of banks by 0.5 percentage points from January 18, which analysts forecast would help freeze 250 billion yuan of liquidity.

Although new loans this year would not rise as fast as last year, there would still be a significant increase, said Qiu Gaoqing, a senior financial analyst with the Bank of Communications.

Growth of the country's gross domestic product (GDP) accelerated from 6.1 percent in the first quarter of 2009, to 7.9 percent in the second quarter and 8.9 percent in the third. GDP growth for the fourth quarter, together with other major economic data, are due for release on Thursday.

The country's foreign exchange reserves hit almost US$2.4 trillion by the end of 2009, up 23.28 percent year on year, the PBOC said.

博客| 安乡县| 亳州市| 平顶山市| 遂平县| 宁远县| 塔城市| 中江县| 罗平县| 庆元县| 望城县| 屏山县| 两当县| 枣阳市| 海安县| 合水县| 合肥市| 达州市| 耿马| 台中市| 南涧| 利津县| 铜梁县| 三明市| 南江县| 大英县| 赫章县| 安龙县| 安徽省| 彰化市| 鹤壁市| 安国市| 文登市| 阿克| 商丘市| 桐乡市| 安丘市| 雅江县| 文化| 自贡市| 凌云县|