China's new yuan loans drop in March
Xinhua |
Updated: 2021-04-12 17:27
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BEIJING - China's new yuan-denominated loans totaled 2.73 trillion yuan ($416.3 billion) in March, down 103.9 billion yuan year-on-year, central bank data showed on Monday.
The outstanding amount of M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 9.4 percent year-on-year to 227.65 trillion yuan by the end of March, according to the People's Bank of China.
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