BUSINESS China's new yuan loans fall in April

BUSINESS

China's new yuan loans fall in April

Xinhua

11:18, May 09, 2019

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(Photo: VCG)

BEIJING, May 9 (Xinhua) -- China's new yuan-denominated loans stood at 1.02 trillion yuan ($150.7 billion) in April 2019, 161.5 billion yuan less than the same period last year, central bank data showed Thursday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.5 percent year on year to 188.47 trillion yuan at the end of April, according to the People's Bank of China.  

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