Skip to Content Facebook Feature Image

April financial data indicates China's commitment to strengthening real economy

China

China

China

April financial data indicates China's commitment to strengthening real economy

2025-05-14 21:10 Last Updated At:21:37

China's major financial indicators in April grew at a faster pace than in March, providing powerful support for the real economy, as indicated by central bank data released on Wednesday.

According to the People's Bank of China (PBOC), China's outstanding aggregate financing to the real economy (AFRE), the total amount of financing to the real economy, reached 424 trillion yuan (about 58.84 trillion U.S. dollars) at the end of April, marking an 8.7 percent increase on a yearly basis.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased by eight percent year on year to around 325 trillion yuan at the end of April.

China issued 10.06 trillion yuan in new yuan-denominated loans in the first four months of 2025.

In April, inclusive small and micro loans, and medium- and long-term loans in the manufacturing industry increased by 11.9 percent and 8.5 percent year on year, respectively, both higher than the average growth rate of various loans in the same period.

In the same month, the weighted average interest rate for new business loans declined about four basis points from March to about 3.2 percent, maintaining a historically low level.

April financial data indicates China's commitment to strengthening real economy

April financial data indicates China's commitment to strengthening real economy

Next Article

China renews bilateral currency swap agreement with Türkiye

2025-06-14 06:27 Last Updated At:07:17

The People's Bank of China (PBOC), the country's central bank, has renewed a bilateral currency swap agreement with the Central Bank of the Republic of Türkiye.

The total value of this agreement is 35 billion yuan (about 4.88 billion U.S. dollars), or 189 billion Turkish lira, the PBOC said in a statement on its website on Friday.

The agreement is valid for three years and can be renewed upon mutual consent, according to the statement.

Meanwhile, the two sides have also signed a memorandum of understanding to establish a yuan clearing arrangement in Türkiye.

These arrangements mark a new stage in China-Türkiye financial cooperation and are expected to facilitate the use of local currencies by enterprises and financial institutions of both countries for cross-border settlements, further promoting and facilitating bilateral trade and investment, the statement said.

China renews bilateral currency swap agreement with Türkiye

China renews bilateral currency swap agreement with Türkiye

Recommended Articles