Hey fam! 🚀 Big news: the Chinese mainland’s total social financing – think of it as the credit and liquidity flowing through the economy – hit a whopping 437.08 trillion yuan (about $62.44T) at the end of September. That’s an 8.7% jump compared to last year! 🎉
What’s cooking? In the first three quarters, newly added social financing reached 30.09 trillion yuan, up by 4.42 trillion yuan vs. the same period last year. Simply put, businesses and folks are getting more loans and funding to keep the engines running. 💼💡
And it’s not just credit – the broad money supply (M2) also climbed 8.4% year-on-year by September’s end. More M2 means more cash and deposits in the system, which can boost spending and investment. 💸↗️
Why should you care? For young pros and techies in South Asia and Southeast Asia, these trends hint at the Chinese mainland’s economic vibe. More liquidity can mean more tech funding, cross-border trade deals, and even cooler startup scenes. 🌐✈️
Stay tuned as we decode more finance trends that impact our fast-paced, mobile-first world! 👀📱
Reference(s):
cgtn.com
