Financial support for real economy

China’s financial sector is ramping up its support for key fields and weak links of the real economy by providing robust loans and continuing improving its credit structure.

In November, there was a significant growth in loans to both the manufacturing sector and innovative enterprises, reflecting the country’s ongoing efforts to upgrade and transform its economy.Medium- and long-term loans to the manufacturing sector rose by 12.8 percent year on year, while loans to innovative enterprises that use specialized and sophisticated technologies to produce novel and unique products increased by 13.2 percent.

Inclusive loans to micro and small enterprises grew even faster, up 14.3 percent. All of these categories outpaced the overall loan growth rate, signaling an improved lending structure aligned with national economic priorities.