China’s new yuan-denominated loans totalled 1.27 trillion yuan (about $200 billion) last month, down 160.5 billion yuan from the same period last year, a Xinhua report based on central bank data said.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5% year on year to 235.6 trillion yuan at the end of November, according to the People’s Bank of China.
Read the full report: Xinhua
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The post China’s November Loans Hit 1.27tn Yuan: Xinhua appeared first on Asia Financial.
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