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China's 2012 new loans hit 8.2t yuan

Source:   Time:

BEIJING - China's new yuan-denominated lending reached 8.2 trillion yuan ($1.3 trillion) in 2012, up 732 billion yuan year-on-year, the People's Bank of China, or the central bank, announced Thursday.

New loans denominated in foreign currencies amounted to 916.3 billion yuan in 2012, representing a year-on-year increase of 345.1 billion yuan, according to a statement on the PBOC's website.

The bank said that total social financing, a measure of funds raised by entities in the real economy, stood at 15.76 trillion yuan last year, up 2.93 trillion yuan from a year earlier.

In December, the country's social financing hit 1.63 trillion yuan, up 351.2 billion yuan from one year earlier, according to the statement.

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