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China's foreign exchange deposits have grown slightly while foreign exchange loans have jumped.
Figures released Monday by the , or the central bank, showed that outstanding forex deposits in financial institutions stood at US$150.1 billion at the end of October, a slight increase of 1.7 percent year on year.
Of the total deposits, corporate money was US$52.2 billion, increasing 4.9 percent on a yearly basis, while savings deposits went down 1.9 percent to US$86.8 billion.
Forex loans continued to grow fast in October. At the end of the month, outstanding forex loans were US$128.2 billion, surging 28.4 percent from a year ago.
Included were US$43.7 billion of short-term loans and US$46.3 billion of middle and long-term loans among others, up 44. 6 and 31.9 percent, respectively, year on year.
(Xinhua News Agency November 11, 2003)
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