China's new yuan loans rise in January
Xinhua |
Updated: 2021-02-09 17:29
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BEIJING - China's new yuan-denominated loans totaled 3.58 trillion yuan ($ 554.75 billion) in January, up 225.2 billion yuan year-on-year, central bank data showed Tuesday.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 9.4 percent year-on-year to 221.3 trillion yuan at the end of January, according to the People's Bank of China.
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