China's May new lending drops to $93.6 bln

10:24, June 11, 2010      

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Special Report: May economic data released, CPI growth exceeding 3%

China's CPI rises 3.1 pct in May

China's PPI up 7.1 pct on year in May

China's urban fixed asset investment up 25.9 pct in first five months

China's May retail sales up 18.7 pct

China's May industrial value-added output expands 16.5 pct

China's home prices rise 12.4% in May

China's new yuan-dominated lending in May shrank to 639.4 billion yuan (93.6 billion U.S. dollars) from 774 billion yuan in April, the People's Bank of China (PBOC), the central bank, said in a statement Friday.

China's broad money supply (M2), which covers cash in circulation and all deposits, increased 21 percent year on year to 66.34 trillion yuan by the end of May, according to the PBOC statement on its website.

The narrow measure of money supply (M1), cash in circulation plus current corporate deposits, climbed 29.9 percent from a year earlier to 23.65 trillion yuan by the end of May.

Source: Xinhua


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