国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Economic Watch: China's pro-growth policies boost economic vitality

Source: Xinhua| 2019-09-12 19:27:22|Editor: ZX
Video PlayerClose

BEIJING, Sept. 12 (Xinhua) -- China's pro-growth policies have started to take effect as shown by major financial data including money supply and total social financing (TSF) beating expectations.

The broad measure of money supply, or M2, increased 8.2 percent by the end of last month, accelerating from 8.1 percent in July, data from the People's Bank of China showed Wednesday.

Newly increased TSF, a measure of funds that individuals and non-financial firms get from the financial system such as trust loans and some local government bonds, rose to 1.98 trillion yuan in August from 1.01 trillion yuan a month earlier.

The stronger-than-expected TSF was partly due to resilient RMB loans, according to a report by UBS analysts Zhang Ning and Wang Tao.

In August, the new loans denominated by renminbi reached 1.21 trillion yuan (about 170 billion U.S. dollars), compared with 1.06 trillion yuan in July.

The TSF improvement was largely driven by a pick-up in medium-to-long term corporate loan issuance and smaller month-on-month outstanding non-standardized assets contraction, potentially reflecting some growth stabilization efforts to boost infrastructure-related lending, said the China International Capital Corporation Limited, an investment banking firm, in an analytical report.

China has been strengthening measures since August to channel more funds into the real economy, especially to increase lending to small and private companies.

The latest measure was to reduce the cash amount reserved in all banks, or the reserve requirement ratio (RRR), to promote support for small and private enterprises.

Meanwhile, local government bonds issuance was accelerated to improve financing efficiency.

Data from the Ministry of Finance showed that, between January and August, a total of 2.0057 trillion yuan (about 280.4 billion U.S. dollars) of special bonds were issued in China, accounting for 93.3 percent of this year's planned quota.

"With rising downward growth pressure, we continue to expect another 50 basis points RRR cuts in the rest of 2019 and 100 basis points cuts in 2020 following the latest RRR cuts," the UBS report said.

Together with continued support for small-and-medium enterprises and the private sector, it expected China's adjusted TSF credit growth to pick up modestly to above 11 percent at the end of 2019.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001383872651
主站蜘蛛池模板: 望谟县| 阿鲁科尔沁旗| 桃园县| 万荣县| 萍乡市| 铜梁县| 九寨沟县| 武乡县| 微山县| 兴和县| 娱乐| 丰原市| 贵溪市| 米脂县| 南乐县| 那曲县| 贡山| 鸡东县| 雷山县| 化德县| 巴林左旗| 广水市| 景泰县| 兴安盟| 海晏县| 福州市| 临邑县| 天水市| 山丹县| 会同县| 余庆县| 雷州市| 定远县| 武隆县| 安吉县| 唐山市| 施秉县| 城市| 边坝县| 棋牌| 利津县|