Briefly

Q1 yuan loans grow by 9.46 trillion yuan

China's yuan-denominated loans rose by 9.46 trillion yuan ($1.33 trillion) in the first quarter. The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 8.3 percent year-on-year to 304.8 trillion yuan at the end of last month, according to data from the People's Bank of China. The M1, which covers cash in circulation plus demand deposits, stood at 68.58 trillion yuan at the end of March, up 1.1 percent year-on-year. Outstanding social financing stood at 390.32 trillion yuan at the end of March, up 8.7 percent year-on-year. Outstanding yuan loans reached 247.05 trillion yuan at the end of March, marking an increase of 9.6 percent year-on-year.

Retail leasing market blessed by recovery

Beijing's retail leasing market continued to receive positive signals from the ongoing recovery in consumption, with the vacancy rate returning to pre-COVID-19 levels, according to a report by international real estate service provider JLL. Meanwhile, rent recovery has accelerated, with the highest quarterly growth rate since 2019. In the urban market, rents rose by 1.3 percent quarter-on-quarter. In the suburban market, rent growth surged by 2.8 percent, rebounding to the 2021 level for the first time.

Xinhua - China Daily