Yan Xian Dong, from the Central Bank: In the first half of the year, new loans were mainly invested in key areas such as manufacturing and infrastructure.

Yan Xiandong, director of the Survey and Statistics Department of the People's Bank of China, stated at a press conference on July 14 that in terms of industry investment, the structure of the loan industry continued to be optimized in the first half of the year. The majority of new loans were allocated to key areas such as manufacturing and infrastructure. Specifically, as of the end of June, the balance of long-term loans to the manufacturing sector increased by 8.7% year-on-year, adding 920.7 billion yuan in the first half of the year; the balance of long-term loans to the infrastructure sector increased by 7.4% year-on-year, adding 2.18 trillion yuan in the first half of the year.