China's new yuan loans register 645.4 bln yuan in April-Xinhua

China's new yuan loans register 645.4 bln yuan in April

Source: Xinhua

Editor: huaxia

2022-05-13 17:09:15

BEIJING, May 13 (Xinhua) -- China's new yuan-denominated loans totaled 645.4 billion yuan (about 95.05 billion U.S. dollars) in April, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 10.5 percent year on year to 249.97 trillion yuan at the end of last month, according to the People's Bank of China.