China's new yuan loans rise in December

BEIJING, Jan. 15 (Xinhua) -- China's new yuan-denominated loans stood at 1.08 trillion yuan (about 160 billion U.S. dollars) in December 2018, up 499.5 billion yuan year on year, central bank data showed Tuesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.1 percent year on year to 182.67 trillion yuan at the end of December, according to the People's Bank of China.