China's Jiangsu province leads H1 social financing growth

0 Comment(s)Print E-mail Xinhua, July 30, 2019
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BEIJING, July 30 (Xinhua) -- In the first half of 2019, eastern China's Jiangsu Province ranked top with the largest scale of newly-added social financing, the latest central bank data showed.

Jiangsu saw its newly-added social financing, a broader measure of credit in the economy, exceed 1.6 trillion yuan (about 232.6 U.S. dollars) in H1, expanding from 943.3 billion yuan registered in the same period last year, said the People's Bank of China (PBOC).

The province was followed by southern China's Guangdong Province and eastern China's Zhejiang Province, whose newly-added social financing reached 1.46 trillion yuan and 1.12 trillion yuan, respectively.

In H1 2018, Guangdong's scale of newly-added social financing ranked first, with an increment of 1.13 trillion yuan, PBOC data showed. Enditem

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