LINE

Text:AAAPrint
Economy

China's new yuan loans surge in September

1
2016-10-18 15:42Xinhua Editor: Xu Shanshan ECNS App Download

China's new yuan-denominated lending beat market forecasts in September to stand at 1.22 trillion yuan (about 181.3 billion U.S. dollars), official data showed Tuesday.

The monthly lending figure represented an increase of 164.3 billion yuan on the same period a year earlier, the People's Bank of China said in a statement.

New yuan-denominated loans totalled 10.16 trillion yuan in the first nine months of the year.

M2, a broad measure of the money supply that covers cash in circulation and all deposits, rose 11.5 percent year on year to 151.64 trillion yuan by the end of September, with the growth rate 0.1 percentage points higher than a month earlier.

M1, a narrow measure of money supply that covers cash in circulation plus demand deposits, rose 24.7 percent year on year to 45.43 trillion yuan, with the growth rate 0.6 percentage points lower than a month ago.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.