Published: 18:15, July 12, 2024
China's yuan loans grow by 13.27 trillion yuan in H1
By Xinhua

This undated photo shows the headquarters of the People's Bank of China in Beijing, China. (SHI YAN / CHINA DAILY)

BEIJING - China's yuan-denominated loans rose by 13.27 trillion yuan (about $1.86 trillion) in the first half of the year, central bank data showed Friday.

ALSO READ: China's yuan loans expand amid stable economic recovery

The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 6.2 percent year-on-year to 305.02 trillion yuan at the end of June.