Loans Are on the Rise 🚀
By end-July, the Chinese mainland's total social financing reached 431.26 trillion yuan (around $60.1T), marking a solid 9% jump versus last year. Among this, yuan-denominated loans to the real economy hit 264.79 trillion yuan, up 6.8% Y-o-Y. That’s a clear sign of strong policy support for growth! 💪
Money Supply Trends 💰
Meanwhile, broad money supply (M2) climbed 8.8% to 329.94 trillion yuan, narrow money (M1) edged up 5.6% to 111.06 trillion yuan, and currency in circulation (M0) soared 11.8% to 13.28 trillion yuan. More liquidity means banks are primed to lend, fueling more activity across sectors.
Transparency Takes Center Stage 🔍
An industry expert told CGTN that real-world financing needs are being met more efficiently. Cities are testing the 'disclosure of comprehensive financing costs for corporate loans', making borrowing costs crystal clear and easing the load on businesses.
By The Numbers
- Jan–Jul social financing: +23.99 trillion yuan
- YoY increase: +5.12 trillion yuan vs. last year
Bottom line: The Chinese mainland's financial gears are humming with liquidity, boosting the real economy. For young entrepreneurs and professionals hustling in tech and startups, this is one trend to watch! 🌊
Reference(s):
Rise in loans underscores China's monetary boost for real economy
cgtn.com
