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China’s November Loans Hit 1.27tn Yuan: Xinhua

Central bank data show that the M2 money supply – which covers cash in circulation and all deposits – increased 8.5% year-on-year

Man counts Chinese yuan
China is in a position to keep normal monetary policy and positive interest rates and maintain growth of the economy, People's Bank of China Governor Yi Gang said. Photo: Reuters


China’s new yuan-denominated loans totalled 1.27 trillion yuan (about $200 billion) last month, down 160.5 billion yuan from the same period last year, a Xinhua report based on central bank data said.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5% year-on-year to 235.6 trillion yuan at the end of November, according to the People’s Bank of China.

Read the full report: Xinhua.






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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.


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