New loans in China rise to 985.5 billion yuan in May
The People's Bank of China (PBoC) released its new loans data on Wednesday. New loans in local currency in China were 985.5 billion yuan in May, up from April's 555.6 billion yuan.
M2 money supply jumped by 11.8% year-on-year in May.
Total social financing increased to 146.33 trillion yuan in May from 751 billion yuan in April.