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Jiangsu leads growth in social financing

In the first half of 2019, East China's Jiangsu province ranked top with the largest scale of newly-added social financing, the latest central bank data showed. Jiangsu saw its newly-added social financing, a broader measure of credit in the economy, exceed 1.6 trillion yuan ($232.6 billion) in the first half, expanding from 943.3 billion yuan registered in the same period last year, said the People's Bank of China. The province was followed by South China's Guangdong province and East China's Zhejiang province, whose newly-added social financing reached 1.46 trillion yuan and 1.12 trillion yuan, respectively. In the first half of last year, Guangdong's scale of newly-added social financing ranked first, with an increment of 1.13 trillion yuan, PBOC data showed.