Middle Kingdom’s health check
(China) - Numbers released from the People's Bank of China (PBOC) suggest the country's financial industry is in healthy state.
According to the Bank, at the end of 2001 a total of 15.8 trillion yuan was outstanding in broad money (M2), up 14.4 percent from 2000; six trillion yuan in narrow money (M1), up 12.7 percent; with money in circulation (M0) reaching 1.6 trillion yuan, up 7.1 percent.
Cash input for 2001 stood at 103.6 billion yuan, 16.1 billion yuan less than the previous year. Money supply growth was reportedly 6 percent higher than the sum of GDP growth and price hikes, suggesting that money supply is appropriate.
At the end of 2001, outstanding deposits had reached 14.4 trillion yuan, up 16 percent from the previous year, of which, corporate deposits composed 36.1 percent at 5.2 trillion yuan, up 16.9 percent and private savings were 7.4 trillion yuan, up 14.7 percent.
Outstanding loans were 11.2 trillion yuan, up 11.6 percent from 2000, with loans to agriculture, individual consumption and note discount registering big increases.
China's foreign exchange reserves were up 28.1 percent at US$212.2 billion.
Cash input for 2001 stood at 103.6 billion yuan, 16.1 billion yuan less than the previous year. Money supply growth was reportedly 6 percent higher than the sum of GDP growth and price hikes, suggesting that money supply is appropriate.
At the end of 2001, outstanding deposits had reached 14.4 trillion yuan, up 16 percent from the previous year, of which, corporate deposits composed 36.1 percent at 5.2 trillion yuan, up 16.9 percent and private savings were 7.4 trillion yuan, up 14.7 percent.
Outstanding loans were 11.2 trillion yuan, up 11.6 percent from 2000, with loans to agriculture, individual consumption and note discount registering big increases.
China's foreign exchange reserves were up 28.1 percent at US$212.2 billion.
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