China's Forex Deposits, Loans Up

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Last updated at: (Beijing Time) Wednesday, June 19, 2002

China's Forex Deposits, Loans Up

Statistics released Tuesday by the People's Bank of China show that in May China's foreign exchange deposits grew steadily and loans increased by a big margin.

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Statistics released Tuesday by the People's Bank of China show that in May China's foreign exchange deposits grew steadily and loans increased by a big margin.

By the end of May, outstanding forex deposits in financial institutions stood at 143.63 billion U.S. dollars, up 2.5 percent from the same period last year.

Of the total forex deposits, corporate money was 48.87 billion dollars, increasing 1.16 billion dollars over the previous month, while individual savings were 85.54 billion dollars, up 12.9 percent from the same period last year.

Meanwhile, forex loans continued to grow in May. By the end of the month, outstanding forex loans were 97.35 billion dollars, increasing 3.57 billion dollars over the end of last year.

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