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China's new yuan loans up in February

Xinhua, March 12, 2015 Adjust font size:

China's new yuan-denominated lending in February hit 1.02 trillion yuan (166.7 billion U.S. dollars), up 376.8 billion yuan from one year earlier, official data showed on Thursday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 12.5 percent year on year to 125.74 trillion yuan at the end of February, 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 5.6 percent year on year to 33.44 trillion yuan. Endi