Money supply, credit growth boost stability

China's money supply growth exceeded expectations last month and credit increased, further bolstering stable economic growth, the central bank said on Wednesday.

In September, the broad money supply, known as M2, increased by 8.3 percent from a year earlier, up from annual growth of 8.2 percent in August, according to the People's Bank of China.

New loans in renminbi stood at 1.38 trillion yuan ($199.2 billion) in September, up from 1.28 trillion yuan in August. The outstanding yuan-denominated loans had reached 133.27 trillion yuan by the end of the third quarter, a year-on-year growth of 13.2 percent, the PBOC reported.