China's new yuan loans rise in March


Beijing, Apr 15 (IANS): China's new yuan-denominated lending in March rose to 1.37 trillion yuan ($210 billion), 188.3 billion yuan more from a year earlier, official data showed on Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 13.4 percent year on year to 144.62 trillion yuan at the end of March, the People's Bank of China said in a statement.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 22.1 percent year on year to 41.16 trillion yuan, Xinhua news agency reported citing the statement as saying.

  

Top Stories


Leave a Comment

Title: China's new yuan loans rise in March



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.