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China's private financing to hit USD2.9b in 2015
(MENAFN) Aggregate private financing, a liquidity measure that sums up funds offered by China's domestic suppliers, will amount to USD2.9 billion in 2015, Xinhua reported.
The figure represents a 13.6 percent increase on last year, according to a report by the Bank of Communications (BOC) Tuesday, alongside a 12.5 percent expansion of M2.
BOC chief economist Lian Ping predicted that interest rates will be cut by a small margin in the first half of 2015 but the required reserve ratio will be cut by 0.5-1.5 percentage points.
The figure represents a 13.6 percent increase on last year, according to a report by the Bank of Communications (BOC) Tuesday, alongside a 12.5 percent expansion of M2.
BOC chief economist Lian Ping predicted that interest rates will be cut by a small margin in the first half of 2015 but the required reserve ratio will be cut by 0.5-1.5 percentage points.
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