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China New RMB Loans Refreshed Record High in First Quarter, M2 Soared 12.7%
2023-4-12
Data from the People’s Bank of China (PBOC) shows that new RMB loans surged to a record quarterly high in the first quarter, and increased by 10.6 trillion yuan. M2 increased by 12.7% year-on-year in March.
RMB deposits increased by 15.39 trillion yuan in the first quarter, an increase of 4.54 trillion yuan year-on-year.
RMB deposits increased by 15.39 trillion yuan in the first quarter, an increase of 4.54 trillion yuan year-on-year.
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