China's new yuan loans fall in October

BEIJING, Nov. 11 (Xinhua) -- China's new yuan-denominated loans reached 661.3 billion yuan (94.47 billion U.S. dollars) in October, a year-on-year drop of 35.7 billion yuan, cental bank data showed Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 8.4 percent year on year to 194.56 trillion yuan at the end of October, according to the People's Bank of China.