BEIJING: ‘ CHINA’S NEW YUAN REACHES $601.3 BILLION IN FIRST QUARTER OFFICIAL DATA ‘

#AceFinanceReport – CHINA:April.14: China’s yuan-denominated lending reached 3.68 trillion yuan (601.3 billion U.S. dollars) in the first quarter, official data showed on Tuesday XINHUA News reported.

M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 11.6 percent year on year to 127.53 trillion yuan at the end of March, the People’s Bank of China said.

(Reuters) – Chinese banks extended 1.18 trillion yuan ($189.97 billion) worth of new loans in March, above market expectations, but growth in broad money supply slowed, central bank data showed on Tuesday.

Economists polled by Reuters had expected new local-currency loans of 1.03 trillion yuan in March, compared with 1.02 trillion yuan extended in February.

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