China’s new yuan loans increase in December

  • News Digest
- Xinhua, BEIJING

Jan 16, 2019-

China’s new yuan-denominated loans stood at 1.08 trillion yuan (about $160 billion) in December 2018, up 499.5 billion yuan year on year, central bank data showed on Tuesday. The amount of new loans was slightly down from 1.25 trillion yuan in November, according to the People’s Bank of China (PBOC). The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.1 percent year-on-year to 182.67 trillion yuan at the end of December. The M2 growth was up from 8 percent registered a month earlier and flat with a year earlier. For the whole 2018, new yuan loans reached 16.17 trillion yuan, up 2.64 trillion yuan year on year.

Published: 16-01-2019 09:28

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