China's financial indicators stable in November

BEIJING (China Daily/ANN): China's key financial indicators showed stable growth in November, except for the slight slowdown in total social financing, an indication that the fiscal stimulus to weather Covid-19-induced downturn is peaking and monetary policy may gradually return to normal, experts said.

Total social financing, a broad measure of financing for the real economy, reached 2.13 trillion yuan (US$325 billion) in November, up 13.6 per cent on a yearly basis, but down 0.1 percentage point on a monthly basis, the first monthly drop so far this year, the People's Bank of China, the central bank, said in an announcement.