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China's New Loans Rise to 410.4 bln Yuan in August
Dec 7,2009 13:16CST
data analysis

BEIJING, Sept. 11 -- China's new yuan-denominated lending in August rose to 410.4 billion yuan (60.02 billion U.S. dollars) from July's 355.9 billion yuan, the People's Bank of China, the central bank, said Friday.

    The August figure brought new yuan-denominated loans in the first eight months to 8.15 trillion yuan, 5.04 trillion yuan more than the same period of last year.

    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 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.

    (Source: Xinhua)

China economy macroeconomy

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