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China's new yuan loans rise in October

BEIJING
2021-11-10 17:22

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BEIJING, Nov. 10 (Xinhua) -- China's new yuan-denominated loans totaled 826.2 billion yuan (about 129.2 billion U.S. dollars) last month, up 136.4 billion yuan from the same period last year, central bank data showed Wednesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.7 percent year on year to 233.62 trillion yuan at the end of October, according to the People's Bank of China.

The growth rate was 0.4 percentage points higher than the figure seen at the end of September, and was 1.8 percentage points lower than that during the same period last year.

The M1, which covers cash in circulation plus demand deposits, stood at 62.61 trillion yuan at the end of October, up 2.8 percent year on year.

The M0, the amount of cash in circulation, increased by 6.2 percent from a year ago to 8.61 trillion yuan at the end of last month.
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