China's yuan loans grow by 18.09 trln yuan in 2024
BEIJING, Jan. 14 (Xinhua) -- China's yuan-denominated loans rose by 18.09 trillion yuan (about 2.52 trillion U.S. dollars) in 2024, central bank data showed on Tuesday.
The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 7.3 percent year on year to 313.53 trillion yuan at the end of December.
The M1, which covers cash in circulation plus demand deposits, sto