PBOC says money supply growth 'suitable'
The increase was "suitable" for China's economic growth, the PBoC, or the central bank, said in a report.
M1, or the narrow measure of money supply, rose by 11 percent. Money in circulation went up 9.1 percent.
By the end of July, the outstanding yuan-denominated loans stood at 18.6 trillion yuan (2.25 trillion US dollars) at all
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