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Agricultural Development Bank of China
Economy

China's new yuan loans drop in July

August 16, 2017


Abstract : China's outstanding new yuan-denominated loans stood at 825.5 billion yuan (more than 120 billion U.S. dollars) in July, the country's central bank said Tuesday.

在“一带一路”建设中寻找人民币国际化突破口

 

BEIJING, Aug. 15 (Xinhua) -- China's outstanding new yuan-denominated loans stood at 825.5 billion yuan (more than 120 billion U.S. dollars) in July, the country's central bank said Tuesday.

The figure declined markedly from 1.54 trillion yuan in June, the People's Bank of China said in a statement.

M2, a broad measure of money supply that covers cash in circulation and all deposits, expanded 9.2 percent from a year earlier as of the end of June, slowing down from 9.4 percent growth recorded a month ago.

M1, a narrow measure of money supply which covers cash in circulation plus demand deposits, rose 15.3 percent, accelerating from a 15 percent increase in June.

M0, the amount of cash in circulation, was up 6.1 percent.

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Keyword: China-loan

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