Money growth, new yuan loans up April |


Money growth, new yuan loans up April

Updated: May 11, 2018 Print


Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a bank in Beijing on March 30, 2016. [Photo/Agencies]

China's broad money supply, or M2, increased by 8.3 percent year-on-year in April, compared with 8.2 percent in March, according to data released by the People's Bank of China.

New yuan loans rose to 1.18 trillion yuan ($184.4 billion) in April from 1.12 trillion yuan in March, and total social financing reached 1.56 trillion yuan, according to the central bank.

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