China's Forex Deposits Keep RisingChina's outstanding foreign exchange deposits reached 134.74 billion US dollars by the end of August, up 13.8 percent from the same period last year.China's central bank, the People's Bank of China (PBC), released the statistics Thursday. In the first eight months of this year, forex deposits increased a total of 5.98 billion US dollars, of which 1.17 US dollars of growth was achieved within the last month. The total corporate deposits were 47.3 billion US dollars, up 8.9 percent over the same period of last year, but little increase was seen over the last month. Residents' deposits totaled 78.52 billion US dollars, up 17.9 percent. At the end of July, the outstanding forex loans were 82.99 billion US dollars, down 1.94 billion US dollars over the end of last year. Of the total amount, short-term loans came to 20.76 billion US dollars, down 790 million US dollars from the end of last year; medium and long-term loans were 25.41 billion US dollars, up 20 million U.S. dollars over the end of last year but down a bit from last month. |
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