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China's new yuan loans at 463.6 bln yuan in July

Xinhua, August 12, 2016 Adjust font size:

China's new yuan-denominated lending in July stood at 463.6 billion yuan (nearly 70 billion U.S. dollars), down 1.01 trillion yuan from a year earlier, official data showed on Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 10.2 percent year on year to 149.16 trillion yuan by the end of July, 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 25.4 percent year on year to 44.29 trillion yuan. Endit