40.2 trillion dollars outstanding loans in China by the end of November

Outstanding loans denominated in yuan in China at the end of November increased by 10.2 percent year-on-year to 284.18 trillion yuan (about 40.2 trillion dollars).

According to data from the people’s Bank of China (Central Bank), yuan-denominated loans in China increased by 21.58 trillion yuan (3.03 trillion dollars) during the 11 months of this year.

Last November alone, yuan-denominated loans increased by 1.09 trillion yuan, as reported by the Chinese news agency “Xinhua” yesterday.
The M2 money supply, a broad measure of the money supply that covers cash in circulation and all deposits, increased by 10 percent year-on-year to 291.2 trillion yuan at the end of November.

The growth rate was 0.3 percentage points lower than at the end of last October, and 2.4 percentage points lower than at the end of November last year.

The M1 money supply, which covers cash in circulation plus demand deposits, stood at 67.59 trillion yuan at the end of November, up 1.3 percent year-on-year.
The M0 money supply, which is the amount of cash in circulation, increased by 10.4 percent from last year to 11.02 trillion yuan at the end of last month.