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China's yuan loans expand by 1.36 trillion yuan in August

Xinhua | Updated: 2023-09-11 13:52

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. [Photo/Xinhua]

BEIJING -- China's yuan-denominated loans rose by 1.36 trillion yuan ($188.63 billion) in August, central bank data showed Monday.

The amount was 86.8 billion yuan more than that seen in August last year, according to data from the People's Bank of China.

The yuan-denominated loans expanded by 17.44 trillion yuan in the first eight months of the year, according to the data.

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