China's new yuan loans fall in August

BEIJING, Sept. 11 (Xinhua) -- China's new yuan-denominated loans reached 1.21 trillion yuan (about 170.9 billion U.S. dollars) in August, 66.5 billion yuan less than the same period last year, central bank data showed Wednesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.2 percent year on year to 193.55 trillion yuan at the end of August, according to the People's Bank of China.