China's new yuan loans rise to 3.89 trln yuan in March

BEIJING, April 11 (Xinhua) -- China's new yuan-denominated loans totaled 3.89 trillion yuan (about 564.73 billion U.S. dollars) in March, up from 1.81 trillion yuan in February, central bank data showed Tuesday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 12.7 percent year on year to 281.46 trillion yuan at the end of last month, according to the People's Bank of China.