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BEIJING, July 28 (Xinhua) – China's inclusive finance has grown faster in the first half of this year, with loans rising by 1.49 trillion yuan (about US $ 216.6 billion) ), according to the People's Bank of China.
The balance of inclusive financial sector borrowing was 16.34 billion yuan at the end of June, up 16.2 percent year-on-year.
Inclusive finance covers the services of financial institutions for small businesses, farmers, low-income people, people with disabilities and seniors.
In the first half, micro and small business loans grew 22.5 percent year on year to 10.7 trillion yuan, while loans to farmers rose 5.6 percent to 5.29 trillion yuan.
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