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China's new yuan loans grow in June

BEIJING
2019-07-12 16:30

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BEIJING, July 12 (Xinhua) -- China's new yuan-denominated loans reached 1.66 trillion yuan (about 244 billion U.S. dollars) in June, up from 1.18 trillion yuan in May, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.5 percent year on year to 192.14 trillion yuan at the end of June, according to the People's Bank of China.
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