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China’s outstanding yuan loans up 14% by March

Updated: Apr 21,2015 9:21 PM     Xinhua

BEIJING — China’s outstanding yuan-denominated loans to the real economy accumulated to 85.09 trillion yuan ($13.88 trillion) by March, up 14 percent from a year ago, new data from the central bank showed on April 21.

The outstanding total social financing accumulated to 127.52 trillion yuan by the end of March, up 12.9 percent year on year, according to a statement of the People’s Bank of China (PBOC).

The figures showed the country has accelerated the pace in cash injection to stimulate the real economy amid downward pressure.

China’s outstanding financing data published in February is used to measure all money borrowed from financial institutions by individuals and non-financial enterprises, together with total funds raised from the capital market.

The increment of China’s yuan-denominated lending reached 3.68 trillion yuan in the first quarter, official data showed earlier.