Central Bank Data Indicates China Ramping Up Financial...
China News
November 14, 2023
China's outstanding total social financing (TSF), a comprehensive gauge of credit and liquidity, reached 374.17 trillion yuan at the end of October, marking a 9.3 percent increase compared to the previous year. Of this total, 233.26 trillion yuan, or 62.3 percent, was directed towards the real economy. This proportion reflects an 0.8 percentage point increase from the previous year, indicating China's ongoing efforts to bolster support for its real economic sectors.