China's new loans drop in February

Updated: 2013-03-10 16:48


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BEIJING - China's new yuan-denominated lending stood at 620 billion yuan ($99.52 billion) in February, down 90.7 billion yuan year on year, the central bank said on Sunday.

New loans denominated in foreign currencies stood at 114.9 billion yuan, up 62.3 billion yuan year on year, the People's Bank of China said in an online statement.

It said that the country's social financing, a measure of funds raised by entities in the real economy, amounted to 1.07 trillion yuan in January, up 22.8 billion yuan from the same period last year.