China\’s yuan loans grow by 4.92 trln yuan in January

BEIJING, Feb. 9 (Xinhua) — China\’s yuan-denominated loans rose by 4.92 trillion yuan (692.6 billion U.S. dollars) in January this year, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 8.7 percent year on year to 297.63 trillion yuan at the end of last month.

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