China to upgrade use of homegrown economic indicator: official

China will start publishing regional data of total social financing (TSF), a homegrown indicator designed to measure overall liquidity in China’s real economy, to further liberalise the country’s lending system, a central bank official was quoted as saying in remarks published on Monday.

TSF sums up total fundraising by Chinese nonfinancial entities, including individuals and nonfinancial corporates, and has grown in importance as Beijing tries to diversify the financial system away from state-controlled policy lending.

via Business feed http://www.scmp.com/business/economy/article/1137717/china-upgrade-use-homegrown-economic-indicator-official