China's yuan loans grow by 14.43 trillion yuan in first 8 months-Xinhua

China's yuan loans grow by 14.43 trillion yuan in first 8 months

Source: Xinhua

Editor: huaxia

2024-09-13 20:45:17

The picture shows a view of the People's Bank of China. (Xinhua photo)

BEIJING, Sept. 13 (Xinhua) -- China's yuan-denominated loans rose by 14.43 trillion yuan (about 2 trillion U.S. dollars) in the first eight months of the year, central bank data showed on Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 6.3 percent year on year to 305.05 trillion yuan at the end of August. 

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