Chinese Banks Hold Their Benchmark Lending Rates for Fifth Month
China's Industrial Output Up 5.9% In First Two Months
Chinese Banks Extend 1.01 Billion Yuan of New Loans in February
Statistics Bureau: From January to February, the total retail sales of consumer goods increased by 4.0%.
According to the announcement from the Statistics Bureau, from January to February, the total retail sales of consumer goods reached 8,373.1 billion yuan, a year-on-year increase of 4.0%. Among them, the retail sales of consumer goods excluding Autos were 7,683.8 billion yuan, with a growth of 4.8%.
The central bank: As of the end of February, the M2 balance increased by 7% year-on-year, and the M1 balance increased by 0.1% year-on-year.
On March 14, the central bank released the "February 2025 Financial Statistics Data Report."
Caijing Lianhe C50 Wind Direction Index Survey: The market expects new Crediting in February to be weak, with a slight rebound in the growth rate of social financing.
① At the end of February, the bills returned to a zero interest rate, reflecting that Crediting is still relatively weak; ② The growth rate of social financing in February may slightly rebound, with the market predicting that the median of the new social financing scale is 2.71 trillion yuan; ③ The CPI in February turned negative year-on-year, and the decline in PPI year-on-year continues to narrow.
Spinee OP : Singapore and China will enhance capital markets cooperation, planning a cross-border e-CNY pilot.
MAS and PBCDCI are embarking on a pilot that will allow travelers from both countries to use e-CNY for tourism spending in Singapore and China.