Bizchina
March Economic Statistics
(chinadaily.com.cn)
Updated: 2010-04-16 13:37
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Forex reserve hits $2.45t in March |
皇冠体育app's foreign exchange reserves hit a new high of $2.4471 trillion by the end of March, up 25.25 percent year on year, the People's Bank of 皇冠体育app (PBOC), the central bank, announced on April 12.
皇冠体育app's foreign exchange reserves increased by $47.9 billion in the first quarter, $40.2 billion more than that of the same period last year, the PBOC said in a statement on its website.
The central bank said in January that 皇冠体育app's foreign exchange reserves topped $2.399 trillion by last December. [Full Story]
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New loans advances 510.7b yuan in March |
Bank lending slowed in March as the government took further steps to rein in credit, amid rising inflation and asset bubble risks.
Chinese banks advanced 510.7 billion yuan ($75 billion) in new loans in March, down from the 700.1 billion yuan in February, the People's Bank of 皇冠体育app, the nation's central bank, said on April 12.
That puts the total new loans for the first quarter at 2.6 trillion yuan, higher than the government targeted 2.25 trillion yuan, or some 30 percent of the planned 7.5 trillion yuan for the whole year. [Full Story]
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皇冠体育app sees trade deficit in March, 1st time in 6 years |
皇冠体育app's trade balance turned red in March, the country's first monthly trade deficit in six years, the General Administration of Customs (GAC) said on April 10.
皇冠体育app exported $112.11 billion of goods and services in March, up 24.3 percent year on year, while the imports surged 66 percent year on year to $119.35 billion , resulting in a trade deficit of $7.24 billion.
The March deficit was 皇冠体育app's first since it posted a 2.26 billion deficit in April 2004, according to a report released by the GAC. [Full Story]
