China records higher new yuan-denominated loans, slowing down in M2 growth for H1

BEIJING - China's new yuan-denominated loans expanded to 9.03 trillion yuan ($1.35 trillion) in the first six months of the year, 1.06 trillion yuan more than the same period a year ago, central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, grew 8 percent year-on-year by the end of June, down from an 8.3-percent rise registered a month earlier, the People's Bank of China, the central bank, said in a statement.