China's yuan loans up 10.38 trillion

China saw an increase in yuan-denominated loans during the first seven months of 2026, reaching a total of approximately 10.38 trillion yuan (about 1.53 trillion US dollars). The People's Bank of China reported that total outstanding loans amounted to 282.29 trillion yuan by the end of July, representing a 5.1% year-on-year increase. Additionally, the broad money supply "M2" rose by 7.7% to reach 355.51 trillion yuan, while the narrow money supply "M1" increased by 4%, exceeding 115.46 trillion yuan. The central bank indicated that the total financing outstanding to the real economy in China stood at 463.27 trillion yuan at the end of July, marking an annual growth rate of 7.4%.

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