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New yuan loans rise in August

Updated: Sep 11,2015 5:05 PM     Xinhua

China’s new yuan-denominated lending in August rose to 809.6 billion yuan ($125 billion), up 49 billion yuan from a year earlier, official data showed on Sept 11.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 13.3 percent year-on-year to 135.69 trillion yuan at the end of August, according to data released by the People’s Bank of China, the central bank.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 9.3 percent year-on-year to 36.28 trillion yuan at the end of last month.