China's social financing scale in the first 11 months of 2025 exceeded that of the whole of 2024, according to central bank data released on Friday.
According to preliminary statistics from the People's Bank of China, the aggregate financing to the real economy was 33.39 trillion yuan (about 4.73 trillion U.S. dollars) in the first 11 months, which was 3.99 trillion yuan more than the same period last year.
The M2, a broad measure of money supply that includes cash in circulation and all deposits, increased 8 percent year on year, reaching 336.99 trillion yuan at the end of November.
Both M2 and the social financing scale have remained at relatively high levels, helping sustain a supportive monetary and financial environment for economic recovery and improvement.
The balance of Chinese yuan loans stood at 271 trillion yuan at the end of November, up 6.4 percent year on year, according to the central bank.
The loan scale maintained reasonable growth, and the credit structure continued to improve. Inclusive loans to small and micro enterprises and medium- and long-term loans to the manufacturing sector increased by 11.4 percent and 7.7 percent year on year, respectively -- both higher than the overall loan growth rate during the same period.
China sees growth in social financing in first 11 months
At least 14 people were killed in the Gaza Strip over the past 24 hours as homes collapsed and tents sheltering displaced families were flooded during a powerful winter storm, Gaza's Civil Defense said on Friday.
The fatalities included three children who died from hypothermia, while others were found under the rubble of homes destroyed by heavy rain and strong winds, particularly in Gaza City and northern areas of the enclave, the Civil Defense said.
From Wednesday evening through Friday, the Gaza Strip has been battered by heavy storms and cold weather, leaving the displaced families facing harsh and unsafe conditions. Fragile tents and makeshift shelters, where at least 1.5 million Palestinians are living, offer no real protection from the storms.
Mahmoud Bassal, spokesman of the Palestinian Civil Defense said on Friday that the severe weather has intensified the humanitarian emergency, with the death toll standing at 13 at the time of his statement.
"The weather system affecting Gaza is extremely severe. We are talking about house collapses and the complete destruction of more than a dozen buildings. Dozens of other buildings have partially collapsed, which is why we are reporting 13 victims. More than 90 percent of citizens' tents in Gaza have been completely flooded. In some areas, water levels have risen to more than one meter," he said.
Hiba Al-Yazji, a displaced Palestinian, recalled how a sudden massive influx of water inundated her tent during the night.
"We were flooded. It was like a massive surge of water. I stood in our tent at night with my daughter, and it felt like a pool, with water flowing in from all sides. Since Wednesday, I haven't slept at all, I swear to that. We spread our mattresses out to dry, and now it's going to rain again. Everything in my kitchen has fallen apart," she said.
Other displaced Palestinians have faced similar hardships amid the winds and downpours.
"We have been suffering since the weather system began. I haven't slept for three days. Whenever the rain intensifies, we keep moving inside the shelter. Last night, the plastic roof collapsed on us because of the heavy rain. We spent the night pushing water out, afraid it would flood our tent. My little daughter couldn't sleep at all last night because of the cold," said Dina Khattab.
At least 14 killed as winter storms batter Gaza: civil defense
