China's new yuan loans expand in October

BEIJING, Nov. 13 (Xinhua) -- China's new yuan-denominated lending in October hit 663.2 billion yuan (about 100 billion U.S. dollars), up 11.9 billion yuan year on year, central bank data showed Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, at the end of October rose 8.8 percent from a year earlier, 2.8 percentage points down from the same period last year, the People's Bank of China said in an online statement.

The narrower measure of money supply (M1), which covers cash in circulation plus demand deposits, rose 13 percent year on year to 52.6 trillion yuan at the end of October.