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China's new yuan loans fall in April

Xinhua, May 13, 2016 Adjust font size:

China's new yuan-denominated lending in April fell to 555.6 billion yuan (85.23 billion U.S. dollars), 152.3 billion yuan less than a year earlier, official data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 12.8 percent year on year to 144.52 trillion yuan by the end of April, the People's Bank of China said in a statement on its website.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 22.9 percent year on year to 41.35 trillion yuan, the statement said. Endi