China's new yuan loans up in July
china yuan
Beijing - XINHUA
China's new yuan-denominated lending in July hit 1.48 trillion yuan (241.8 billion U.S. dollars), up 1.61 trillion yuan from a year earlier, official data showed on Tuesday.
M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.3 percent year on year to 135.32 trillion yuan at the end of July, according to data released by the People's Bank of China, the central bank.
The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 6.6 percent year on year to 35.31 trillion yuan at the end of last month.
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Dubai - Arab Today
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