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HomeEconomicFinanceBalance of loans up in China's Yangtze River Delta

Balance of loans up in China’s Yangtze River Delta

 SHANGHAI, Sept. 4 (Xinhua) — The balance of loans in China’s Yangtze River Delta region went up 13.4 percent year on year to 62.29 trillion yuan (about 8.68 trillion U.S. dollars) at the end of July, official data showed.

   Of the total, the balance of loans in Chinese yuan stood at 61.2 trillion yuan, rising 14.1 percent year on year, according to the People’s Bank of China Shanghai Head Office.

   The balance of foreign currency loans in this region came in at 152.9 billion U.S. dollars by the end of July, a decrease of 19.3 percent from the same period last year.

   The data also revealed the balance of the region’s deposits hit 74.18 trillion yuan, up 11.2 percent compared with one year ago.  

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