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China's social financing grows 8.7% in September

CGTN

China's total social financing, a broad measure of credit and liquidity in the economy, reached 437.08 trillion yuan ($62.44 trillion) at the end of September, representing an 8.7 percent year-on-year growth, the central bank announced Wednesday.

Meanwhile, China's newly added social financing in the first three quarters of the year reached 30.09 trillion yuan, representing an increase of 4.42 trillion yuan compared to the same period last year. 

Broad money supply, the M2, grew 8.4 percent year on year by the end of September.

(Cover via CFP)

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