China's yuan loans grow by 13.27 trillion yuan in H1 2024

A view of the headquarters of the People's Bank of China, the country's central bank, Beijing, July 3, 2024. /CFP

China's yuan-denominated loans rose by 13.27 trillion yuan ($1.86 trillion) in the first half of the year, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 6.2 percent year on year to 305.02 trillion