China's new yuan loans rise in April

China's new yuan-denominated loans hit 1.7 trillion yuan (about 240 billion U.S. dollars) in April, a year-on-year rise of 681.8 billion yuan, central bank data showed on Monday.

The M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.1 percent year on year to 209.35 trillion yuan at the end of April. Enditem