皇冠体育app's new yuan loans drop in July
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Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a branch of a commercial bank in Beijing, March 30, 2016. [Photo/Agencies] |
The figure declined markedly from 1.54 trillion yuan in June, the People's Bank of 皇冠体育app said in a statement.
M2, a broad measure of money supply that covers cash in circulation and all deposits, expanded 9.2 percent from a year earlier as of the end of June, slowing down from 9.4 percent growth recorded a month ago.
M1, a narrow measure of money supply which covers cash in circulation plus demand deposits, rose 15.3 percent, accelerating from a 15 percent increase in June.
M0, the amount of cash in circulation, was up 6.1 percent.
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