China's new yuan loans hit 1.27t yuan in November

BEIJING - China's new yuan-denominated loans totaled 1.27 trillion yuan ($200 billion) last month, down 160.5 billion yuan from the same period last year, central bank data showed Thursday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year-on-year to 235.6 trillion yuan at the end of November, according to the People's Bank of China.

The growth rate was 0.2 percentage points lower than the figure seen at the end of October, and was 2.2 percentage points lower than that during the same period last year.

The M1, which covers cash in circulation plus demand deposits, stood at 63.75 trillion yuan at the end of November. It was up by 3 percent year-on-year.

The M0, the amount of cash in circulation, went up by 7.2 percent from a year ago to 8.74 trillion yuan at the end of last month.