Update: China's yuan loans grow by 14.43 trillion yuan in first 8 months
Xinhua
13 Sep 2024, 21:52 GMT+10
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, according to the People's Bank of China. The M1, which covers cash in circulation plus demand deposits, stood at 63.02 trillion yuan at the end of August, down 7.3 percent year on year. The increase in social financing scale reached 21.9 trillion yuan in the first eight months, down 3.32 trillion yuan compared to the same period last year. Outstanding yuan loans totaled 252.02 trillion yuan at the end of August, marking an increase of 8.5 percent year on year, the data revealed. 
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationUS announces new visa policy targeting immigration facilitators
WASHINGTON, D.C.: U.S. Secretary of State Marco Rubio has announced new visa restrictions. The policy will apply to foreign government...
Ex-LA fire chief loses bid to reclaim job after wildfire fallout
LOS ANGELES, California: Former Los Angeles Fire Chief Kristin Crowley lost her bid to get her job back after being fired by Mayor...
Americans denied opportunity to see movie that won Academy Award
Last Sunday, the Israeli-Palestinian co-production No Other Land was awarded an Academy Award for best documentary. The Oscar – a first...
US Supreme Court to weigh case on nuclear waste storage future
WASHINGTON, D.C.: The Supreme Court is to hear arguments in a case that could determine the future of nuclear waste storage in the...
Elon Musk fathers 14th child, third with current partner
WASHINGTON, D.C.: Multi-billionaire Elon Musk, a close adviser to U.S. President Donald Trump, has welcomed his 14th child. His newest...
US tariffs threaten Italy’s farm exports, from Prosecco to Parma ham
ROME, Italy: Italy's agricultural sector is bracing for a major hit as U.S. tariffs threaten exports of iconic products like Prosecco...
US aircraft carrier in South Korea after North Korea's missile tests
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
Vietnam to fast-track licensing for Elon Musk's Starlink services
HANOI, Vietnam: Vietnam is set to fast-track licensing for Elon Musk's Starlink satellite internet service, while also exploring ways...
China’s factory slump continues, raising stimulus calls
BEIJING, China: China's manufacturing sector is expected to shrink for a second consecutive month in February, signaling continued...
Aric Almirola edges Alex Bowman to win at Phoenix
(Photo credit: Gary A. Vasquez-Imagn Images) AVONDALE, Ariz. -- Aric Almirola made a dramatic last-lap pass in overtime to claim...
J-K: DG BSF Daljit Chawdhary reviews security along Jammu frontier, felicitates women personnel
Jammu and Kashmir [India], March 8 (ANI): Director General of the Border Security Force (BSF), Daljit Singh Chawdhary, on Saturday...
Goa CM Sawant extends Women's Day greetings, hails PM Modi's efforts to women empowerment
New Delhi [India], March 8 (ANI): Goa Chief Minister Pramod Sawant on Saturday extended his greetings on International Women's Day...
