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China's new yuan loans rise in August

Xinhua, September 11, 2015 Adjust font size:

China's new yuan-denominated lending in August rose to 809.6 billion yuan (around 125 billion U.S. dollars), up 49 billion yuan from a year earlier, official data showed on Friday.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.3 percent year on year to 135.69 trillion yuan at the end of August, 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 9.3 percent year on year to 36.28 trillion yuan at the end of last month. Endi