China's new yuan loans shrink, M2 growth unchanged

BEIJING, June 12 (Xinhua) -- China's new yuan-denominated loans in May stood at 1.15 trillion yuan (about 179.7 billion U.S. dollars), down from 1.18 trillion yuan in April, the central bank data showed Tuesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 8.3 percent year on year, unchanged compared with a month earlier, the People's Bank of China said in a statement.

[ Editor: WPY ]


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