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4th CIIE launches trial of country exhibition

Xinhua, October 14, 2021 Adjust font size:

BEIJING, Oct. 13 (Xinhua) -- China's new yuan-denominated loans increased to 1.66 trillion yuan (about 256.92 billion U.S. dollars) last month, central bank data showed on Wednesday.

The figure was up from 1.22 trillion yuan the previous month, but was down by 232.7 billion yuan from a year ago, according to the People's Bank of China.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.3 percent year on year to 234.28 trillion yuan at the end of September, the data showed.

The growth rate was 0.1 percentage points higher than the figure seen at the end of August and 2.6 percentage points lower than that seen during the same period last year.

The M1, which covers cash in circulation plus demand deposits, stood at 62.46 trillion yuan at the end of last month, up 3.7 percent year on year.

The M0, the amount of cash in circulation, increased 5.5 percent from a year ago to 8.69 trillion yuan at the end of September.

In the first three quarters, the central bank injected a total of 255.2 billion yuan of net cash into the market.

Newly added social financing, a measurement of funds that individuals and non-financial firms receive from the financial system, came in at 24.75 trillion yuan during the period, representing a 4.87-trillion-yuan drop from the same period last year and a 4.14-trillion-yuan rise from the 2019 level.

By the end of last month, total outstanding yuan deposits stood at 229.18 trillion yuan, up 8.6 percent year on year.

In the first three quarters, RMB settlements for cross-border trade amounted to 5.73 trillion yuan.

China's central bank has pledged to make its prudent monetary policy more targeted and flexible to better adapt to the needs of high-quality development and place more focus on the efficiency of financial services to support the real economy.SHANGHAI, Oct. 13 (Xinhua) -- The 4th China International Import Expo (CIIE) on Wednesday launched the trial period of its online country exhibition, which will see different nations exhibit their cultures, characteristic industries and goods.

The expo is set to take place in Shanghai from Nov. 5 to 10 this year.

CIIE Bureau Deputy Director Liu Fuxue said the country exhibition, as an important part of the expo, has adopted technologies including 3D modeling and virtual engines to build digital exhibition halls -- a new feature at this year's expo.

Michele Cecchi, consul general of Italy in Shanghai, said that about 100 Italian companies are set to attend this year's expo. Through the online country exhibition, a real journey through the beauties of Italy will be on offer to both Chinese and overseas audiences.

The CIIE has served as a productive and positive platform to provide new opportunities for global trade, investment, and cultural and people-to-people exchanges, said Cecchi.

The CIIE is the first dedicated import exhibition globally, and fruitful outcomes have resulted from the past three expos.