Statistics
China April new lending top 774b yuan
(Xinhua)
Updated: 2010-05-11 13:29
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China's new yuan-dominated lending in April expanded to 774 billion yuan ($113.35 billion) from 510.7 billion yuan in March, the People's Bank of China, the central bank, said in a statement Tuesday.
It was also an increase of 182.2 billion yuan from the same period last year, according to the statement published on its website.
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China's broad money supply (M2), which covers cash in circulation and all deposits, increased 21.48 percent year-on-year to about 65.66 trillion yuan by the end of April, the statement said. The year-on-year increase was 22.5 percent at the end of March.
The narrow measure of money supply (M1), cash in circulation plus current corporate deposits, climbed 31.25 percent from a year ago to 23.39 trillion yuan by April end. The growth was 29.94 percent in March.
