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China yuan loans reach 1.53T
China experienced a significant increase in yuan-denominated loans during the first seven months of the year, totaling $1.53 trillion (10.38 trillion yuan). Over the year, outstanding loans grew by 5.1%, reaching 282.29 trillion yuan by the end of July. The overall volume of financing owed to the real economy also rose by 7.4% to reach 463.27 trillion yuan. There was a modest increase in the money supply, with narrow measures up by 4% and broad measures by 7.7%. This indicates a recovery in China's lending sector and monetary easing during this period.
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