Briefly

Forex reserves edge down in February

China's foreign exchange reserves fell to $3.2138 trillion at the end of February, down $7.8 billion, or 0.24 percent, from the end of January, data from the State Administration of Foreign Exchange showed on Monday. Wang Chunying, a SAFE spokeswoman, said the forex reserves dipped as the dollar strengthened amid geopolitical tensions and anticipation of policy adjustments by major central banks. Despite the complex external environment and higher volatility of international financial markets, the Chinese economy has been performing in a reasonable range, conducive to keeping the amount of forex reserves stable.

New yuan loans rise in Yangtze River Delta

New yuan loans in the Yangtze River Delta region stood at 1.44 trillion yuan ($228.57 billion) in January, up 144.3 billion yuan from the same period last year. The balance of loans in the region stood at 51.59 trillion yuan at the end of January, up 14.6 percent from the same period last year, according to the People's Bank of China Shanghai Head Office. The balance of loans in yuan reached 50.29 trillion yuan at the end of January, up 14.5 percent year-on-year.

Xinhua - China Daily