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China's Forex Deposits Up by 2.6 Billion USD in April
The People's Bank of China (PBOC) announced Thursday that China's foreign exchange deposits increased by 2.6 billion US dollars in April to reach 131.85 billion US dollars, up 20.6 percent from the same period last year.
Statistics released by the PBOC show that in the first four months foreign exchange deposits increased an aggregate of 3.09 billion US dollars, of which 2.6 billion US dollars was in April, or 1.18 billion U.S. dollars more than the same month last year, accounting for 84.2 percent of the total increase in the first four months.
The outstanding corporate deposits in foreign exchange was 47.5 billion U.S. dollars, up 16.7 percent from the same period last year. In the first four months it accumulated an increase of 1.31 billion U.S. dollars, increasing 480 million U.S. dollars over the same period last year.
The outstanding residents' deposits in foreign exchange was 74. 55 billion U.S. dollars, up 22.9 percent from the same period last year. In the first four months it accumulated an increase of 1.22 billion U.S. dollars.
At the end of April, the outstanding loans in foreign exchange were 83.43 billion U.S. dollars, down 1.5 billion U.S. dollars from the end of last year. Of the total short-term loans were 21 billion U.S. dollars, down 550 million U.S. dollars; medium and long-term loans were 24.74 billion US dollars, down 650 million U. S. dollars.
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