China reports a massive $2.38 trillion increase in yuan loans amid mixed monetary growth.

China reported a significant increase in yuan loans by 17.1 trillion yuan (about $2.38 trillion) in the first 11 months of the year. The M2 money supply, a broad measure including cash and deposits, grew by 7.1% year-on-year to 311.96 trillion yuan. Meanwhile, M1, which includes cash and demand deposits, decreased by 3.7% to 65.09 trillion yuan, and M0, cash in circulation, rose by 12.7% to 12.42 trillion yuan. Outstanding yuan loans reached 254.68 trillion yuan, with social financing increasing by 7.8% to 405.6 trillion yuan.

3 months ago
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