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China's new yuan loans rise in January

February 21, 2020

Abstract : China's new yuan-denominated loans hit 3.34 trillion yuan (476.97 billion U.S. dollars) in January, a year-on-year rise of 110.9 billion yuan, central bank data showed on Thursday.

BEIJING, Feb. 20 (Xinhua) -- China's new yuan-denominated loans hit 3.34 trillion yuan (476.97 billion U.S. dollars) in January, a year-on-year rise of 110.9 billion yuan, central bank data showed on Thursday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.4 percent year on year to 202.31 trillion yuan at the end of January.

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