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Macro-economy

China newly-added social financing hit 1.4 trln yuan

June 12, 2019


Abstract : Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.4 trillion yuan (about 203 billion U.S. dollars) in May.

BEIJING, June 12 (Xinhua) -- Newly-added social financing, a measurement of funds that individuals and non-financial firms get from the financial system, stood at 1.4 trillion yuan (about 203 billion U.S. dollars) in May, up 446.6 billion yuan from one year earlier, data from China's central bank showed Tuesday.

At the end of last month, China's total outstanding social financing rose 10.6 percent year on year to 211.06 trillion yuan.

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