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ECONOMY
THIS WEEK> THIS WEEK NO. 3, 2012> ECONOMY
UPDATED: January 13, 2012 NO. 3 JANUARY 19, 2012
Lending Recovery
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Newly added yuan-denominated loans stood at 640.5 billion yuan ($101.18 billion) in December 2011, compared with 562.2 billion yuan ($88.82 billion) in November 2011, said the People's Bank of China, the central bank.

The December figure brought the amount for the entire year of 2011 to 7.47 trillion yuan ($1.18 trillion), down from 7.95 trillion yuan ($1.21 trillion) in 2010.

By the end of 2011, the outstanding broad money supply (M2), which covers cash in circulation and all deposits, rose 13.6 percent year on year to 85.16 trillion yuan ($13 trillion).



 
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