China's new yuan lending further expands in December
Xinhua, January 12, 2017 Adjust font size:
China's new yuan-denominated lending surged to 1.04 trillion yuan (150.29 billion U.S. dollars) in December, up from 794.6 billion yuan a month ago, data from the central bank showed on Thursday.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.3 percent year on year to 155.01 trillion yuan by the end of December, 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, climbed 21.4 percent year on year to 48.66 trillion yuan. Endi