China’s Central Bank report shows a decrease in household deposits in April
Date: 09:24, 21-05-2018.
Beijing. May 21. Silkroadnews - The latest figures by the People’s Bank of China show that household deposits fell by 1.32 trillion yuan ($207 billion) in April, China Plus reports citing the Securities Times’s report.
This is the largest monthly decline in the population’s deposits at the moment. The Securities Times report explains this by the fall of the domestic economy that started last year.
The household deposits also fell sharply in April and October, which may become a long-term trend. If the trend continues, it will affect investment, which in turn can lead to further slowdown of economic growth.
