2021 Q1-Q3, China's yuan-denominated loans increased by 16.02 trillion yuan, M2 money supply grew by 6.8% to 309.

In the first three quarters of 2021, China's yuan-denominated loans rose by 16.02 trillion yuan (about $2.27 trillion), according to the central bank. The M2 money supply, which includes cash and deposits, grew by 6.8% year-on-year to 309.48 trillion yuan by September. Despite these increases, overall financing activity remains subdued due to a struggling real estate sector, affecting credit expansion.

October 14, 2024
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