China's new yuan loans expand in August

BEIJING, Sept. 15 (Xinhua) -- China's new yuan-denominated lending in August hit 1.09 trillion yuan (about 167.7 billion U.S. dollars), up from 825.5 billion yuan in July, the central bank data showed Friday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, at the end of August rose 8.9 percent from a year earlier, slowing down from 9.2 percent recorded a month ago, the People's Bank of China said in a statement on its website.

The narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 14 percent year on year, down from the 15.3 percent rise registered at the end of July.