Factbox: China's progress on economic resumption

0 Comment(s)Print E-mail Xinhua, July 10, 2020
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BEIJING, July 10 (Xinhua) -- China is steadily reviving its economy as the country strives to contain COVID-19. The following facts and figures indicate how the country is forging ahead in the resumption of work and production:

-- China's new yuan-denominated loans hit 1.81 trillion yuan (about 258.78 billion U.S. dollars) in June, a year-on-year increase of 147.4 billion yuan, the central bank data showed Friday.

The country's newly added social financing, a measurement of funds the real economy receives from the financial system, came in at 20.83 trillion yuan in the first half of this year, up 6.22 trillion yuan year on year, according to the People's Bank of China.

M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.1 percent year on year to 213.49 trillion yuan at the end of June.

The growth rate was unchanged from that seen at the end of May, and up 2.6 percentage points compared with that in the same period last year, said the central bank.

-- China's civil aviation industry gradually recovered in June as key indicators reported narrowing declines from a month ago, data from the country's aviation regulator showed Friday.

Airlines flew a total of 30.74 million passengers last month, down 42.4 percent year on year. The decline narrowed 10.2 percentage points from May, according to information released at a press briefing of the Civil Aviation Administration of China.

-- China will issue the fourth batch of special government bonds for COVID-19 control amid efforts to balance epidemic control with economic and social development, according to the Ministry of Finance.

The 10-year fixed-rate bonds, worth 70 billion yuan, will be available for tenders on July 15 and become tradable on July 20, according to a statement on the ministry's website. Enditem

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