China's Forex Deposits, Loans Maintain Steady Growth

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Last updated at: (Beijing Time) Thursday, May 15, 2003

China's Forex Deposits, Loans Maintain Steady Growth

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China's outstanding deposits in foreign exchange reached 148.6 billion US dollars by the end of April, up 5.4 percent from the same period last year, according to statistics released Wednesday by the People's Bank of China (PBOC).

Corporate deposits in foreign exchange amounted to 48.7 billion dollars, up 2 percent, and savings deposits 90.2 billion dollars, up 6.6 percent. In the first four months, savings deposits in foreign exchange increased 820 million dollars.

At the same time, outstanding loans in foreign exchange reached 110.6 billion dollars, up 14.7 percent. In the first four months, forex loans increased 7.95 billion dollars, or 5.28 billion dollars more than the same period last year.

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