China's new yuan loans rise in 2022

China's new yuan-denominated loans totaled 21.31 trillion yuan (about 3.15 trillion U.S. dollars) in 2022, up 1.36 trillion yuan year on year, central bank data showed Tuesday.

In December alone, new yuan loans stood at 1.4 trillion yuan, up 266.5 billion yuan year on year, according to the People's Bank of China (PBOC).

The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 11.8 percent year on year to 266.43 trillion yuan at the end of last month, according to the PBOC.