June 13, 2011 / 2:08 AM / in 8 years

China May new loans 551.6 bln yuan, M2 up 15.1 pct

 BEIJING, June 13 (Reuters) - Chinese banks lent 551.6
billion yuan in local currency loans in May, missing market
forecasts for 610 billion yuan, the People's Bank of China said
on Monday.	
 Yuan loans outstanding at the end of May were 17.1 percent
higher than a year ago, the central bank said in a statement on
its website. www.pbc.gov.cn	
 Annual growth in China's broad M2 measure of money supply
edged down to 15.1 percent in the month from April's 15.3
percent.	
 The median forecast of economists was for a 17.1 percent
rise in outstanding loans and a 15.4 percent increase in M2.	
	
 Monthly new yuan loans (billions)   	
 May  Apr  Mar  Feb    Jan  Dec  Nov  Oct  Sep  Aug  Jul    	
 552  740  679  536  1,040  481  564  588  596  545  533  	
	
 Yuan loans outstanding (trillions, pct change vs year ago)  	
 May   Apr   Mar   Feb   Jan   Dec   Nov   Oct   Sep   Aug  	
Lvl 50.8  50.2  49.5  48.9  48.4  47.9  47.4  46.9  46.3  45.7	
Chg 17.1  17.5  17.9  17.7  18.5  19.9  19.8  19.3  18.5  18.6  
  	
 	
 Money supply (percent change on a year earlier):   	
 May   Apr   Mar   Feb   Jan   Dec   Nov   Oct   Sep   Aug 	
M2  15.1  15.3  16.6  15.7  17.2  19.7  19.5  19.3  19.0  19.2	
M1  12.7  12.9  15.0  14.5  13.6  21.2  22.1  22.1  20.9  21.9	
M0  15.4  14.7  14.8  10.3  42.5  16.7  16.3  16.6  13.8  16.0  
  	
	
 (Reporting by Aileen Wang and Kevin Yao; Editing by Ken Wills)	
 
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