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Financial indicators stable in November
Pub Date:2020-12-11 08:55
Source:China Daily
China s key financial indicators showed stable growth in November,
except for the slight slowdown in total social financing, an indication
that the fiscal stimulus to weather COVID-19-induced downturn is peaking and monetary policy may gradually return to normal, experts said.
Total social financing, a broad measure of financing for the real
economy, reached 2.13 trillion yuan ($325 billion) in November, up 13.6
percent on a yearly basis, but down 0.1 percentage point on a monthly
basis, the first monthly drop so far this year, the People s Bank of
China, the central bank, said in an announcement.
BEIJING (China Daily/ANN): China's key financial indicators showed stable growth in November, except for the slight slowdown in total social financing, an indication that the fiscal stimulus to weather Covid-19-induced downturn is peaking and monetary policy may gradually return to normal, experts said.
2020-12-11 03:28:08 GMT2020-12-11 11:28:08(Beijing Time) Sina English
China s key financial indicators showed stable growth in November, except for the slight slowdown in total social financing, an indication that the fiscal stimulus to weather COVID-19-induced downturn is peaking and monetary policy may gradually return to normal, experts said.
Total social financing, a broad measure of financing for the real economy, reached 2.13 trillion yuan ($325 billion) in November, up 13.6 percent on a yearly basis, but down 0.1 percentage point on a monthly basis, the first monthly drop so far this year, the People s Bank of China, the central bank, said in an announcement.