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20:32, 12-Sep-2018
China's fiscal revenue growth slows, new loans fall in August
Updated
20:21, 15-Sep-2018
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China's fiscal revenue growth slows, new loans fall in August, data showed Wednesday.
The countries fiscal revenue reached 1.11 trillion yuan (about 161 billion US dollars) in August, up four percent year on year.
The growth slowed from the 6.1-percent gain in July, according to the Ministry of Finance.
China's new yuan-denominated loans stood at 1.28 trillion yuan (about 186.4 billion US dollars) in August, down from 1.45 trillion yuan in July, according to central bank data.
China's total social financing (TSF), a broad measure of credit and liquidity in the economy, rose to 1.52 trillion yuan from 1.04 trillion yuan in July.
Meanwhile, the M2, a measure of money supply that covers cash in circulation and all deposits, rose 8.2 percent year on year to 178.87 trillion yuan at the end of August.