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China's new yuan loans rise in October
Updated: November 10, 2021 19:43 Xinhua

BEIJING — China's new yuan-denominated loans totaled 826.2 billion yuan (about $129.2 billion) last month, up 136.4 billion yuan from the same period last year, central bank data showed on Nov 10.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.7 percent year-on-year to 233.62 trillion yuan at the end of October, according to the People's Bank of China.

The growth rate was 0.4 percentage points higher than the figure seen at the end of September, and was 1.8 percentage points lower than that during the same period last year.

The M1, which covers cash in circulation plus demand deposits, stood at 62.61 trillion yuan at the end of October, up 2.8 percent year-on-year.

The M0, the amount of cash in circulation, increased by 6.2 percent from a year ago to 8.61 trillion yuan at the end of last month.

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