BEIJING , Feb. 13 ( Xinhua ) — China’s new yuan-denominated loans totaled 4.9 trillion yuan (about 721.82 billion U.S. dollars ) in January, central bank data showed Friday.

The figure increased by 922.7 billion yuan from the same period last year, according to the People’s Bank of China .

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 12.6 percent year on year to 273.81 trillion yuan at the end of last month.

The growth rate was 0.8 percentage points higher than the figure seen at the end of December 2022 , and was 2.8 percentage points higher than that in the same period last year.

The M1, which covers cash in circulation plus demand deposits, stood at 65.52 trillion yuan at the end of January. It was up by 6.7 percent year on year.

The M0, the amount of cash in circulation, went up by 7.9 percent from a year ago to 11.46 trillion yuan at the end of last month.

In January, the central bank injected a total of 997.1 billion yuan of net cash into the market.

Newly added social financing, a measurement of funds that individuals and non-financial firms receive from the financial system, came in at 5.98 trillion yuan last month, representing a decrease of 195.9 billion yuan from the same period last year.

By the end of January, the total outstanding yuan deposits stood at 265.39 trillion yuan , up 12.4 percent year on year.

Source: Xinhua

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China’s factory activity expanded in January after four months of contraction, official data showed Tuesday, as its economy rebounded following the relaxation of strict Covid-19 curbs.

The official manufacturing purchasing managers’ index (PMI) — a key gauge of factory output in the world’s second-largest economy — rose to 50.1 this month, from 47.0 in December, according to data from the National Bureau of Statistics (NBS).

The figures bucked a downward trend since September and broke into expansion territory of above 50 points.

The non-manufacturing PMI, which includes the services and construction sector, stood at 54.4 in January, up from 41.6 in December.

Beijing last month abruptly dropped its strict zero-Covid policy, which had mandated strict lockdowns, sparking protests and hammering business.

The country’s economy grew just three percent last year — its slowest pace in four decades excluding pandemic-hit 2020 — as Covid restrictions and a crisis in the property market hampered growth.

This article does not constitute investment advice or a personal recommendation. You should not make any investment decisions without first conducting your own research and considering your own financial situation.

Past performance is not a reliable indicator of future results.

Narrations are not endorsements.

BEIJING , Jan. 30 ( Xinhua ) — China’s services trade value grew 12.9 percent year on year in 2022, data from the Ministry of Commerce showed on Monday.

The total trade value stood at 5.98 trillion yuan (about 884.29 billion U.S. dollars ), according to the data.

Exports of services expanded 12.1 percent year on year to around 2.85 trillion yuan in the period, while imported services totaled 3.13 trillion yuan , up 13.5 percent from a year ago, resulting in a deficit of 275.71 billion yuan .

Trade in knowledge-intensive services raked in 2.51 trillion yuan in 2022, up 7.8 percent year on year.

Exports of Knowledge-intensive services increased by 12.2 percent to reach 1.42 trillion yuan , led by categories such as intellectual property royalties and computing and information services.

Travel services continued recovery momentum in the period, as trade in this sector advanced 8.4 percent from the previous year to about 855.98 billion yuan , data showed.

This article does not constitute investment advice or a personal recommendation. You should not make any investment decisions without first conducting your own research and considering your own financial situation.

Narrations are not endorsements.

Past performance is not a reliable indicator of future results.

BEIJING , Jan. 30 ( Xinhua ) — China’s central bank continued to inject funds into the financial system through open market operations on Monday.

The People’s Bank of China said on its website that it has conducted 173 billion yuan (about 25.58 billion U.S. dollars ) of seven-day reverse repos at an interest rate of 2 percent.

The move is aimed at keeping liquidity stable at the end of the month, according to the central bank.

A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

This article does not constitute investment advice or a personal recommendation. You should not make any investment decisions without first conducting your own research and considering your own financial situation.

Narrations are not endorsements.

Past performance is not a reliable indicator of future results.

This article does not constitute investment advice or a personal recommendation. You should not make any investment decisions without first conducting your own research and considering your own financial situation.

Past performance is not a reliable indicator of future results.

Narrations are not endorsements.