China's Forex Deposits, Loans Continue to Grow

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Last updated at: (Beijing Time) Saturday, September 14, 2002

China's Forex Deposits, Loans Continue to Grow

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Outstanding foreign exchange deposits stood at 145.54 billion US dollars by the end of August, increasing 1.14 billion dollars over July or 3.7 percent more thanthe same period last year, statistics released Friday by the People's Bank of China show.

Corporate forex deposits accounted for 49.1 billion dollars of the total, while foreign exchange savings deposits were 87.47 billion dollars. In the first eight months, foreign exchange savings deposits increased by 5.9 billion dollars.

At the same time, the outstanding foreign exchange loans increased 4.85 billion dollars since the end of last year to reach98.58 billion dollars, of which short-term loans accounted for 30.1 billion dollars while mid- and long-term loans stood at 33.87 billion dollars.

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