China Added 2.07 Trillion Yuan in Social Financing in May

According to data released by the People's Bank of China, yuan loans increased by 11.14 trillion yuan in the first five months of this year; Total increase in social financing was 14.8 trillion yuan. At the end of May, the balance of broad money (M2) was 301.85 trillion yuan, up 7 percent year on year. Specific to May, the month's new yuan loans 950 billion yuan, a year-on-year increase of 410 billion yuan; Social finance increased by 2.07 trillion yuan, 510 billion yuan more than last year.