hina’s yuan loans grow by 20.49 trln yuan in Jan.-Oct.

BEIJING, Nov. 14 (Xinhua) — China’s yuan-denominated loans rose by 20.49 trillion yuan (about 2.85 trillion U.S. dollars) in the first ten months of this year, central bank data showed Monday.
In October alone, the yuan-denominated loans rose by 738.4 billion yuan, according to the People’s Bank of China.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 10.3 percent year on year to 288.23 trillion yuan at the end of October.
The growth rate was flat from it was at the end of September, and 1.5 percentage points lower than at the end of October last year.