--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Shanghai's Banking Deposits Top US$242b

Shanghai's banking deposits reached 2,014 billion yuan (US$242 billion) in February, up 15.2 percent from last year, according to data from the Shanghai branch of the People's Bank of China.

Analysts have attributed the growth to the central bank's interest rate increase last October.

It is noteworthy that corporate deposits declined 16.3 billion yuan in the same month. Analysts regarded the decline as a result of the practice of local companies to pay a bonus to their employees before the Chinese New year, which fell on February 9 this year.

(Shanghai Daily March 17, 2005)

Who Is Saving China's 10 Trillion Yuan Bank Deposit?
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688