Yuan-denominated loans rise in May

China’s new yuan-denominated loans rose to 793.2 billion yuan (125.9 billion U.S. dollars) in May, 241.6 billion yuan up from the same period last year, the People’s Bank of China (PBOC), or the central bank, said Monday.

The figure was up from 681.8 billion yuan in April. New yuan-denominated loans stood at 1.01 trillion yuan in March, 710.7 billion yuan in February and 738 billion yuan in January, the PBOC data showed.

Xinhua