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According to preliminary statistics, RMB loans increased by 16.17 trillion yuan in 2018, an increase of 2.64 trillion yuan over the same period last year, a three-fold increase over the same period last year, and the loan balance at the end of the year increased by 13.5% over the same period last year, an increase of 0.8 percentage points over the end of last year, the People's Bank of China said Tuesday.
According to the data provided by the central bank, Reuters estimated that the new RMB loans in December 2018 were 1.083 trillion yuan, down from 1.25 trillion yuan in November.
When asked about the relationship between benchmarking and exchange rate, Zhu Hexin, deputy governor of the Central Bank, said at a new conference held today that it is not inconsistent that through benchmarking effectively supports the development of real economy, the real economy is better developed, the enterprise is better, and the exchange rate will be more stable, which is conducive to the better stability of exchange rate and the promotion of sustainable economic development.
"And our exchange rate mechanism is floating, reflecting the relationship between supply and demand in the market. In this respect, we also have the confidence. Our economic fundamentals are good and our foreign exchange reserves are adequate. They can enhance our confidence in our exchange rate. We are also confident. He said.
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