The balance of China's RMB loans totaled 21.53 trillion yuan (2.7 trillion U.S. dollars) by the end of June, up 15.24 percent year on year, but the growth rate was 0.73 percentage points lower than the January-May period.

New local currency loans totaled 394.7 billion yuan (49 billion U.S.dollars) in June, 70.6 billion yuan less than the same period last year, the central bank, the People's Bank of China, announced Friday.

The bank also said that the balance of M2 supply, or the broadest gauge of money supply, grew 18.43 percent from the same period last year to 32.28 trillion yuan by the end of June, a growth rate drop of 0.62 percentage points over the previous five months.

The M2 supply annualized 17.3 percent in the second quarter, down 0.2 percentage points over the first quarter, said the central bank.

Source: Xinhua