China's new yuan loans rise in April

Xinhua | Updated: 2020-05-11 16:13

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A clerk counts cash at a bank in Huaibei, Anhui province. [Photo provided to China Daily]

BEIJING - China's new yuan-denominated loans hit 1.7 trillion yuan (about $240 billion) in April, a year-on-year rise of 681.8 billion yuan, central bank data showed on Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.1 percent year-on-year to 209.35 trillion yuan at the end of April.

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