China’s New Yuan Loans Continue to Rise in June

Beijing, July 15 (QNA) – China’s new yuan-denominated lending amounted to 1.08 trillion yuan about (175.64 billion US dollars) in June, up 216.5 billion yuan year on year, official data showed on Tuesday, according to China’s (Xinhua) News Agency.

The volume was higher than the 870.8 billion yuan recorded in May and 774.7 billion yuan in April, according to the People’s Bank of China.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased by 14.7% year on year to 120.96 trillion yuan at the end of June.

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