Chinese banks extended CNY 1.01 trillion new loans in March, data from the People's Bank of China showed Thursday. March's lending was well above the consensus forecast of CNY 797.5 billion.
The broadest measure of money supply, M2 rose at a pace of 13.4 percent year-on-year in March. Economists were expecting the growth rate to remain steady at 13 percent.
China's foreign exchange reserves, the world's largest, rose to $3.31 trillion at the end of March, from $3.18 trillion at the end of December.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.