(Yicai Global) April 10 -- China's total social financing, a broad gauge of credit and liquidity in the economy, climbed 29 percent to CNY11.08 trillion (USD1.58 trillion) in first quarter from a year earlier, as support for businesses cranked up to help them recover from the shock of the Covid-19 epidemic.

The broad money, or M2, rose 10.1 percent to CNY208.09 trillion at the end of March from a year ago, as new yuan loans surged nearly 70 percent to CNY2.85 trillion, according to data also released by the People's Bank of China today.