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China’s new yuan loans expand, M2 growth cools

Updated: Apr 13,2018 5:12 PM     Xinhua

BEIJING — China’s new yuan-denominated loans in March expanded to 1.12 trillion yuan (about $177.8 billion), 93.4 billion yuan more than the same period a year earlier, the central bank data showed on April 13.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 8.2 percent year on year, compared with an 8.8-percent increase a month earlier, the People’s Bank of China said in a statement.

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