💰 China's yuan-denominated loans skyrocketed by 5.13 trillion yuan ($706.77 billion) in January, according to the latest data from the People's Bank of China.
The M2 money supply, which includes cash in circulation and all deposits, saw a 7% year-on-year increase, reaching 318.52 trillion yuan by the end of January.
Social financing, representing the funds available to the real economy, topped 7.06 trillion yuan in January. This marks an increase of 583.3 billion yuan compared to the same period in 2024, bringing the total social financing in China to 415.2 trillion yuan.
On the global stage, China's foreign exchange reserves held steady at $3.2 trillion at the end of January 🌍.
Reference(s):
cgtn.com
