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

BEIJING, Sept. 13 (Xinhua) — China’s yuan-denominated loans rose by 14.43 trillion yuan (about 2 trillion U.S. dollars) in the first eight months of the year, central bank data showed on Friday.
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. ■