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China's new yuan loans came in at 885.8 billion yuan (1.8 billion) in February 2019, up 46.5 billion yuan year-on-year, according to central bank data released Sunday.
China's consumer price index rose 1.8 percent year-on-year in May. Food prices increased by 0.1 percent, resulting in a growth of 0.01 percent in the price index.
China's economy is expected to take a slow U-turn this year, thanks to work resumption underway for two months and economic activity getting back on track, the macro strategy team from Ping'an Securities said.
China's crude oil output grew 0.8 percent year-on-year to 190 million tons last year, snapping the declining trend since 2016, said the National Bureau of Statistics. About 650 million tons of crude oil were processed in 2019, up 7.6 percent year-on-year, while the country aims to increase its annual domestic crude oil output to more than 200 million tons this year, said the bureau.
China's economy continued "an across-the-board recovery" in November, putting the world's second-largest economy on "stronger footing", The Wall Street Journal reported.
