BEIJING, June 12 Chinese banks made 870.8
billion yuan ($140.08 billion) worth of new yuan loans in May,
higher than a forecast of 750 billion yuan and above the
previous month's 774.7 billion yuan, central bank data showed on
The broad M2 money supply rose 13.4 percent last month from
a year earlier, the People's Bank of China said in a statement
on its website, www.pbc.gov.cn, slightly above the forecast in a
Reuters poll of a 13.1 percent rise.
Outstanding yuan loans grew 13.9 percent from a year earlier
versus forecasts for growth of 13.7 percent.
The central bank also said China's total social financing
aggregate, a broad measure of liquidity in the economy, was 1.4
trillion yuan in May versus 1.55 trillion yuan the month before.
($1 = 6.2165 Chinese Yuan Renminbi)
(China economics team)