China”s yuan loans grow by 14.43 trillion yuan in first 8 months

BEIJING: China"s yuan-denominated loans rose by 14.43 trillion yuan (about US$ 2 trillion) in the first eight months of the year, central bank data showed on Friday. According to Xinhua News Agency, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 6.3 percent year-on-year to 305.05 trillion yuan at the end of August. Source: Emirates News Agency