Stable chassis and prosperous consumption. China takes multiple measures to promote economic recovery and improve loans | personal consumption | economy
CCTV News: The program starts by looking at the economy through data.
Data 1: Nearly 80%. The Ministry of Agriculture and Rural Affairs has announced that currently, nearly 80% of early rice harvest in China has been achieved. At present, the southern rice region is in a critical period of large-scale rush to harvest early rice and rush to plant late rice, and the "double rush" operation is being orderly promoted. A total of 280000 combine harvesters, 240000 transplanting machines, and 50000 drying machines were organized in various regions to carry out "double grab" operations, with overall sufficient equipment support.
National Bureau of Statistics: Promoting Economic Recovery and Improving Consumer Infrastructure
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Data 2: 77.2%. According to data from the National Bureau of Statistics, the total retail sales of consumer goods in China increased by 8.2% year-on-year in the first half of this year, and the contribution rate of final consumer expenditure growth to economic growth reached 77.2%, playing an important role in promoting economic recovery.
Since the beginning of this year, various banks have continuously increased their funding in supporting consumer infrastructure construction and commercial logistics enterprises. According to data, as of the end of June, the Agricultural Bank of China's loan balance supporting rural consumer circulation enterprises such as agricultural product wholesale markets, logistics parks, and county-level commercial circulation reached 165.4 billion yuan, an increase of 26.5 billion yuan from the beginning of the year, with a growth rate of 19.04%. This year, China Development Bank, Industrial and Commercial Bank of China, China Construction Bank, and others have also increased their financial support for logistics infrastructure such as the national logistics hub network and cold chain logistics operation system, as well as agricultural and wholesale markets.
Several banks have increased their support for personal consumption in the first half of this year
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Let's take another look at this set of data: nearly 200 billion yuan, over 180 billion yuan, and 62.2 billion yuan. This year, banks have also increased their support for personal consumption. Data shows that the balance of personal consumption loans at Industrial and Commercial Bank of China was nearly 200 billion yuan at the end of June, an increase of over 10% compared to the beginning of the year; At the end of June, the personal consumption loan balance of Bank of China exceeded 180 billion yuan, with a growth rate of nearly 18% compared to the beginning of the year; China Construction Bank added 62.2 billion yuan in personal consumption loans in the first half of the year, serving a total of 25 million customers. The consumer loan interest rates of various banks have also generally decreased this year, and the average personal credit consumer loan interest rates of several large commercial banks are around 3.7%.