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HomeEconomicChina's Yuan Loans Grow By 17.1 Trillion Yuan In First 11 Months

China’s Yuan Loans Grow By 17.1 Trillion Yuan In First 11 Months

BEIJING, Dec. 16 (Xinhua) — China’s yuan-denominated loans rose by 17.1 trillion yuan (about 2.38 trillion U.S. dollars) in the first 11 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 7.1 percent year on year to 311.96 trillion yuan at the end of November.

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