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China's new yuan loans up in April

Xinhua, May 13, 2015 Adjust font size:

China's new yuan-denominated lending in April hit 707.9 billion yuan (114.18 billion U.S. dollars), up 185.5 billion yuan from a year earlier, official data showed on Wednesday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 10.1 percent year on year to 128.08 trillion yuan at the end of April, 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 3.7 percent year on year to 33.64 trillion yuan at the end of April. Endi