China's new yuan loans decline in October

BEIJING - China's new yuan-denominated loans stood at 697 billion yuan ($100 billion) in October, down from 1.38 trillion yuan in September, central bank data showed Tuesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8 percent year-on-year to 179.56 trillion yuan at the end of last month, the People's Bank of China said in a statement on its website.