China reports significant yuan loan increases, reflecting efforts to stabilize its economy.

According to data from China's central bank, yuan-denominated loans increased by 16.52 trillion yuan (about 2.3 trillion USD) in the first 10 months of 2024. The M2 money supply, a broad measure of money in circulation, grew by 7.5% year-over-year to 309.71 trillion yuan by the end of October, reflecting China's efforts to stabilize its economy and boost market confidence.

November 10, 2024
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