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Author Topic: China says new lending volumes jump to 45 billion yuan in November.  (Read 604 times)

colker

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China says new lending volumes jump to 45 billion yuan in November.

China Central Bank said. November's yuan-denominated lending amount stood at 1.43 trillion yuan ($ 2.1899 billion), up 45.6 billion yuan. Yearly

As for the money supply in the M2 system, which consists of cash flow and all types of deposits, at the end of November. At 217.2 trillion yuan, an increase of 10.7% year-on-year.

Meanwhile, the amount of money in the M1 system, which covers revolving cash flow and demand deposits at the end of November. Was 61.86 trillion yuan, an increase of 10% year-on-year.

The Xinhua news agency reported, citing reports from the Chinese government this year that Chinese authorities will use a variety of tools, such as a commercial bank reserve cut (RRR) and interest rate cut. To stimulate the amount of money in circulation in the M2 system to increase at a higher rate than last year.



 

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