China's increment of Renminbi deposits hit 444 billion yuan at
the end of April, down by 13.3 billion yuan year on year, a report
released by the People's Bank of China (PBOC) said on Sunday.
Resident's Renminbi deposits declined by 167.4 billion yuan in
April, down by 228 billion yuan year on year, according to the
PBOC's financial executive report.
Meanwhile, loans in Renminbi grew by 422 billion yuan, an
increase of 105.8 billion yuan year on year.
Among the total, resident's Renminbi loans grew by 123.6 billion
yuan, up 63 billion yuan year on year.
The broad money supply (M2) hit 36.7 trillion yuan at the end of
April, an increase of 17.1 percent year on year, and 0.1 percentage
point lower than that at the end of March.
The narrow money supply (M1) reached 12.8 trillion yuan during
the same period, up 20 percent year on year, and 0.2 percentage
points higher than that at the end of March.
(Xinhua News Agency May 14, 2007)