China’s central bank said New yuan-denominated loans were issued in June at 2.81 trillion yuan (about 41965 billion dollars), an increase of 6867 billion yuan year-on-year.
The money supply in M2, comprising cash in circulation and all types of deposits, rose 11.4% at the end of June. Year-on-year reached 258.15 trillion yuan.
Meanwhile, the money supply in the M1 system, which covers current cash flows and demand deposits, at the end of June at 67.44 trillion yuan, an increase of 5.8 percent year-on-year.
The money supply, M0, which covers only cash flow, rose 13.8 percent year-on-year to 9.6 trillion yuan.
In addition, the People’s Bank of China stated that New yuan-denominated deposits in the January-June period this year rose 4.77 trillion yuan year-on-year. and cross-border transactions in yuan currency stood at 4.58 trillion yuan.