Bloomberg News

China’s Jan. New Loans 738.1 Billion Yuan, M2 Rises 12.4%

February 15, 2012

Feb. 10 (Bloomberg) -- China’s new local-currency lending was 738.1 billion yuan in January and M2 money supply climbed 12.4 percent from a year earlier, the People’s Bank of China said on its website.

New loans compared with the median 1 trillion yuan estimate in a Bloomberg News survey of 26 economists and 640.5 billion yuan the previous month. The median forecast for money supply was a gain of 13.7 percent after a 13.6 percent increase in December.

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