BEIJING, July 11 (Xinhua) — The following are the highlights of China’s business news from the past week:
China’s consumer inflation remained generally stable in June under the country’s continued efforts toward economic recovery, official data showed.
Consumer price index (CPI), the main gauge of inflation, grew 2.5 percent year on year last month, expanding from the 2.4-percent gain in May, according to data from the National Bureau of Statistics (NBS).
China’s producer price index (PPI), which measures costs for goods at the factory gate, went down 3 percent year on year in June, the NBS said.
The decline narrowed from a 3.7-percent decrease in May.
— FOREX RESERVES
China’s foreign exchange reserves expanded to 3.1123 trillion U.S. dollars at the end of June, official data showed.
The amount increased by 10.6 billion dollars, or 0.3 percent, from the end of May, according to the State Administration of Foreign Exchange.
— NEW YUAN LOANS
China’s new yuan-denominated loans expanded to 12.09 trillion yuan (about 1.73 trillion U.S. dollars) in the first six months of the year, up 2.42 trillion yuan year on year, data showed.
In June alone, new yuan loans hit 1.81 trillion yuan, a year-on-year increase of 147.4 billion yuan, said the People’s Bank of China, the central bank. Enditem