China's yuan loans grow by US$2 trillion in first 8 months

by Shine

September 13, 2024

[Money]

China's yuan-denominated loans rose by 14.43 trillion yuan (US$2 trillion) in the first eight months of the year, central bank data showed on Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 6.3 percent year on year to 305.05 trillion yuan at the end of August.

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