China's new local currency loans in September this year totaled RMB 470 billion ($73.7 billion), while at the end of September broad money (M2) supply in China came to RMB 78.74 trillion ($11.5 trillion), up 13 percent compared to the same period last year, as announced by China's central bank. Also as of the end of September, narrow money (M1) supply in China totaled RMB 26.72 trillion ($3.9 trillion), an increase of 8.9 percent year on year, while the currency in circulation (M0) reached RMB 4.71 trillion ($690 billion), rising by 12.7 percent year on year.
By the end of September, total outstanding foreign and local currency loans in China totaled RMB 56.24 trillion ($8.82 trillion), including RMB 52.91 trillion ($7.7 trillion) of loans in local currency, increasing by 16 percent and 15.9 percent respectively year on year