China's yuan loans grow by 17.1 trillion yuan in first 11 months

China's yuan-denominated loans rose by 17.1 trillion yuan (about 2.38 trillion U.S. dollars) in the first 11 months of the year, central bank data showed on Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 7.1 percent year on year to 311.96 trillion yuan at the end of November.