China’s yuan loans grow by 13.53 trillion yuan from Jan-July

BEIJING, Aug. 13 (Xinhua) — China’s yuan-denominated loans rose by 13.53 trillion yuan (about 1.89 trillion U.S. dollars) in the first seven months of the year, central bank data showed on Tuesday.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 6.3 percent year on year to 303.31 trillion yuan at the end of July. ■