China's new yuan loans expand, M2 growth quickens

BEIJING, May 11 (Xinhua) -- China's new yuan-denominated loans in April expanded to 1.18 trillion yuan (about 184.4 billion U.S. dollars), 79.7 billion yuan more than the same period a year earlier, the central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 8.3 percent year on year, slightly up from an 8.2-percent rise registered a month earlier, the People's Bank of China said in a statement.