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BEIJING, January 15. /TASS/. China new yuan-denominated lending increased by almost 9% in 2014 from the previous year to a record $1.58 trillion, the People’s Bank of China said on Thursday.
The volume of cash and non-cash funds in the Chinese economy grew by 12.2% in 2014 to $20 trillion.
Total social financing, a broad measure of liquidity in the Chinese economy, totaled $2.68 trillion in 2014 or $140.4 billion less than in 2013, the People’s Bank of China said.