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China's new loans hit $60b in August
(Xinhua)
Updated: 2009-09-11 11:54 BEIJING: China's new yuan-denominated lending in August rose to 410.4 billion yuan (US$60.02 billion) from July's 355.9 billion yuan, the People's Bank of China, the central bank, said Friday.
The broad measure of money supply, M2, which covers cash in circulation and all deposits, rose 28.53 percent from a year earlier to 57.67 trillion yuan (US$4.18 trillion) at the end of August. The narrow measure of money supply, M1 (cash in circulation plus current corporate deposits), was up 27.72 percent to 20.04 trillion yuan (US$2.93 trillion). |