Financial Situation Healthy in July ����China maintained a healthy financial situation in July, with currency supplies slightly dropping, increase rate of bank deposits on the decline, bank loans for infrastructure appropriate, and the renminbi remaining stable, the People's Bank of China, the central bank, released in Beijing on August 12. ����According to preliminary statistics, by the end of July, the amount of ����broad money (currency in circulation plus corporate deposits and savings deposits) had reached 11.14 trillion yuan, 15.7 percent more than in the same period last year and the amount of narrow money (cash plus demand deposits) grew 13.5 percent to 3.90 trillion yuan. ����By the end of July, bank loans amounted to 9.12 trillion yuan, 14.6 percent more than for the same time last year. ����At the end of July, the exchange rate of renminbi against the US dollar is 8.2774, 13 points up over the end of last year. The renminbi still maintains stable. Economicnews 1999-08-13 Page2 Full Story in Chinese