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Markets

China's new yuan loans expand in September     

Published October 17, 2018 Updated October 17, 2018 11:31am

BEIJING: China's new yuan-denominated loans stood at 1.38 trillion yuan (about 200 billion US dollars) in September, up from 1.28 trillion yuan in August, central bank data showed Wednesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.3 percent year on year to 180.17 trillion yuan at the end of September, the People's Bank of China said in a statement on its website.

Copyright APP (Associated Press of Pakistan), 2018

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