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China’s new yuan loans reaches 900.8b in May

Updated: Jun 11,2015 3:51 PM     Xinhua

BEIJING — China’s new yuan-denominated lending reached 900.8 billion yuan ($147.4 billion) in May, according to a statement issued by the central bank on June 11.

The volume was 4.3 billion yuan less than the same period last year, the People’s Bank of China said.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 10.8 percent year-on-year to 130.74 trillion yuan at the end of May, according to the central bank.