New yuan loans hit nearly 1.9T yuan in May

by The Manila Times

Jun 15, 2022 12:09 am

BEIJING: China's new yuan-denominated loans reached 1.89 trillion yuan (about $282.1 billion) last month, according to the People's Bank of China (PBC).

Data from China's central bank showed last Friday that the amount was 392-billion-yuan better than the figure recorded a year ago.

This Jan. 7, 2016 file photo shows a teller looking at renminbi, or yuan, banknotes at her bank in Lianyungang, in China’s eastern Jiangsu province. XINHUA PHOTO

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