By Richard Silk
BEIJING--Chinese financial institutions issued 1.06 trillion yuan ($171 billion) in new yuan loans in March compared with CNY620 billion in February, People's Bank of China data showed on Thursday.
A median forecast of 14 economists polled earlier by Dow Jones Newswires was for CNY940 billion in new yuan loans.
Total social financing--a broader measurement of credit--was CNY2.54 trillion in March compared with CNY1.07 trillion in February.
China's broadest measure of money supply, M2, was up 15.7% on year at the end of March. The March increase was more than February's 15.2%. The median forecast by the economists was 14.6%.
China's foreign-exchange reserves rose to $3.44 trillion at the end of the first quarter from $3.31 trillion at the end of the fourth quarter. The economists' forecast was $3.4 trillion.
Write to Richard Silk at richard.silk@dowjones.com
BEIJING--Chinese financial institutions issued 1.06 trillion yuan ($171 billion) in new yuan loans in March compared with CNY620 billion in February, People's Bank of China data showed on Thursday.
A median forecast of 14 economists polled earlier by Dow Jones Newswires was for CNY940 billion in new yuan loans.
Total social financing--a broader measurement of credit--was CNY2.54 trillion in March compared with CNY1.07 trillion in February.
China's broadest measure of money supply, M2, was up 15.7% on year at the end of March. The March increase was more than February's 15.2%. The median forecast by the economists was 14.6%.
China's foreign-exchange reserves rose to $3.44 trillion at the end of the first quarter from $3.31 trillion at the end of the fourth quarter. The economists' forecast was $3.4 trillion.
Write to Richard Silk at richard.silk@dowjones.com
