男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

US EUROPE AFRICA ASIA 中文
Business / Economy

China's new loan data should not be overinterpreted: Central bank

(Xinhua) Updated: 2016-08-16 08:25

China's new loan data should not be overinterpreted: Central bank

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, March 30, 2016. [Photo/Agencies]

BEIJING, Aug. 15 (Xinhua) -- China's central bank said on Monday that the ultra-low new monthly loan data was largely due to base effects and should not be overinterpreted.

China's new yuan-denominated loans dropped substantially in July to 464 billion yuan (nearly $70 billion ), down 1.01 trillion yuan from a year earlier. The figure was at its lowest level in two years.

Growth in M2, a broad measure of the money supply that covers cash in circulation and all deposits, was at its second slowest since 1996.

The low figures sparked fears of a sharply slowing economy with businesses showing restraint in borrowing and investing.

The central bank statement said that banks lent less in July after a lending binge in the first six months of the year.

In the first six months, Chinese banks issued 7.53 trillion yuan of new loans, an increase of more than 1 trillion yuan on the same period a year earlier. Although lending eased substantially in July, aggregate lending in the first seven months were still high, the central bank said.

It also attributed the low growth of M2 to base effects, as the money supply was unusually high in the second and third quarter last year due to brisk stock market activity.

With the base effect waning, M2 growth is expected to regain steam in August and September, it added.

The central bank hoped the market would look at the new loan data against the backdrop of the "new normal" and the need for "cutting excess industrial capacity" in the Chinese economy.

It is not strange to see monthly data fluctuate, so overinterpreting the data is undesirable, it noted.

The central bank reaffirmed that liquidity remained adequate in the banking sector, and it said it would apply flexibility in implementing prudent monetary policy.

Economic growth held steady at 6.7 percent in the second quarter, the lowest level since the 2009 global financial crisis but still within the government's target range of 6.5-7 percent for 2016.

Amid downward economic pressures, China has resisted the temptation of temporary fixes such as aggressive monetary easing. Instead, it has chosen structural reform as the tool to put the economy on a more sustainable path.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 宝丰县| 崇义县| 金华市| 滦平县| 绍兴县| 钦州市| 巴青县| 黑水县| 平果县| 渑池县| 雷山县| 绵竹市| 彭山县| 巴南区| 饶平县| 建湖县| 龙井市| 卢湾区| 安国市| 盈江县| 公安县| 讷河市| 海原县| 麦盖提县| 留坝县| 富顺县| 莱阳市| 额尔古纳市| 措勤县| 贺州市| 宁河县| 资源县| 盐城市| 平塘县| 泽州县| 钟祥市| 镇巴县| 巴林左旗| 谷城县| 镇坪县| 溧阳市|