Home » Business » China’s new yuan-denominated loans hit 645.4 bln yuan in April – Xinhua English.news.cn

China’s new yuan-denominated loans hit 645.4 bln yuan in April – Xinhua English.news.cn

BEIJING, May 13 (Xinhua) — China’s new yuan-denominated loans reached 645.4 billion yuan (about 95.05 billion U.S. dollars) in April, data from China’s central bank showed Friday.

The country’s M2 money supply, a measure of broad money that covers cash in circulation and all deposits, rose 10.5 percent year on year to 249.97 trillion yuan at the end of last month. , according to the People’s Bank of China. End

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