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Inevitable Moderation

Inevitable Moderation
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摘要 In July, China's newly added yuan-denominated loans stood at 385.2 billion yuan ($62.67 billion), the lowest level since 2010. Total social financing declined to 273.1 billion yuan ($44.43 billion), 1.69 trillion yuan ($274.9 billion) less than the previous month and 546 billion yuan ($88.83 billion) less than the same period last year. The plunge in lending demonstrated by the data can be attributed most obviously to economic slowdown and a faltering demand for financing. But more importantly, In July,China’s newly added yuan-denominated loans stood at 385.2 billion yuan($62.67 billion),the lowest level since 2010.Total social financing declined to 273.1 billion yuan($44.43billion),1.69 trillion yuan($274.9 billion)less than the previous month and 546 billion yuan($88.83 billion)less than the same period last year.The plunge in lending demonstrated by the data can be attributed most obviously
作者 Xiang Zheng
出处 《Beijing Review》 2014年第35期40-40,共1页 北京周报(英文版)
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