Source: CCTV.com

12-15-2006 10:25

Data from China's central bank showed that the country's Renminbi savings hit 15.9 trillion yuan at the end of November, up 15.3 percent year-on-year.

The increase was a fifth of a percentage point lower than that in October. Just over 168.3 billion yuan in new savings deposits were made in November, slightly more than in the same period of last year. China has been experiencing a high savings rate and the government has urged residents to spend more and save less in order to curb soaring investment. The report also showed that China's RMB bank loans rose by just under 15 percent year-on-year in November, the lowest monthly increase since April.

Editor:Lu Yuying