China's new yuan loans grow in May

0 Comment(s)Print E-mail Xinhua, June 12, 2019
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BEIJING, June 12 (Xinhua) -- China's new yuan-denominated loans reached 1.18 trillion yuan (170.5 billion U.S. dollars) in May 2019, 31.3 billion yuan more than the same period last year, central bank data showed Wednesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.5 percent year on year to 189.12 trillion yuan at the end of May, according to the People's Bank of China. Enditem

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