Hey amigonews fam! Exciting news from China: monetary policy is giving the real economy a serious boost in the first half of 2025. According to the People's Bank of China (PBOC), by the end of June the total social financing reached 430.22 trillion yuan—a solid 8.9% year-on-year growth. Among this, RMB loans to the real economy climbed to 265.22 trillion yuan, up by 7% compared to last year.
The standout figure? New yuan-denominated loans totaling 12.92 trillion yuan. An impressive 89.5% of these new loans—about 11.57 trillion yuan—went to enterprises, primarily fueling key sectors like manufacturing and infrastructure. This targeted support is creating a friendly climate for innovation and stability. 📈
Moreover, the weighted average interest rate for new corporate loans has dropped to around 3.3%, about 45 basis points lower than the same period last year. Deputy governor Zou Lan highlighted that such proactive measures have boosted market confidence and set a solid foundation for economic recovery and high-quality development.
Looking ahead, the PBOC will maintain its moderately loose monetary policy, ensuring that these measures continue to enhance financial services for the real economy. For young professionals, business enthusiasts, and students, these developments underline an exciting time as strategic financial policies pave the way for future growth!
Reference(s):
cgtn.com
