China's new yuan loans drop in February, M2 growth stable

Updated 2018-03-09 13:44:01 Xinhua

China's new yuan-denominated loans in February stood at 839.3 billion yuan (about 132.3 billion U.S. dollars), 326.4 billion yuan less than the same period a year earlier, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, reached 172.91 trillion yuan at the end of February, up 8.8 percent year on year, compared with an 8.6-percent increase a month earlier, the People's Bank of China said in a statement.

The narrower measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 8.5 percent year on year to 51.7trillion yuan at the end of February. The growth rate was 12.9 percentage points down from a year ago.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 20 2018 18:17:46

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 20 2018 18:17:46

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 20 2018 18:17:46

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords