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Statistics released Monday by the People's Bank of China (PBOC) show that China's foreign exchange deposits have grown by 4.2 percent this year, while foreign exchange loans have grown by 16.8 percent, both year-on-year figures.
By the end of May, outstanding forex deposits stood at US$149.7 billion, while outstanding forex loans reached US$113.7 billion.
Of the total forex deposits, US$49.4 billion came from enterprises and institutions, up 1.1 percent from the same period last year; while savings deposits stood at US$90.5 billion, up 5.8 percent.
Of the total forex loans, short-term loans accounted for US$35.6 billion, up 19.4 percent from the same period last year; while medium- and long-term loans stood at US$39.9 billion, up 19.9 percent.
(Xinhua News Agency June 17, 2003)
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