📊 Fresh stats alert: by end-July, the Chinese mainland's total social financing reached a whopping 431.26 trillion yuan, up 9% year-on-year, the People's Bank of China (PBOC) announced Wednesday.
🏦 Out of this, yuan-denominated loans to the real economy hit 264.79 trillion yuan, marking a 6.8% gain. It's like giving businesses a power-up in their favorite game—more fuel for growth! 🎮
💡 To ease the load, some cities now pilot 'comprehensive financing cost disclosure' for corporate loans. Simply put: clearer fees mean companies can dodge surprise charges and plan budgets with confidence.
💰 Money supply got a boost too—broad money (M2) rose 8.8% to 329.94 trillion yuan, narrow money (M1) climbed 5.6% to 111.06 trillion yuan, and cash in circulation (M0) jumped 11.8% to 13.28 trillion yuan. More cash floating around means more options for investors and entrepreneurs!
🚀 From January through July, aggregate social financing grew by 23.99 trillion yuan—5.12 trillion more than last year. For news enthusiasts, students, and the Asian diaspora keeping an eye on trends, these numbers signal continued policy backing for real economic activity. Stay curious! 🌏✨
Reference(s):
Rise in loans underscores China's monetary boost for real economy
cgtn.com
