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The People's Bank of China (PBoC) released its new loans data on Tuesday. New loans in local currency in China were 2,510 billion yuan in January, up from December's 597.8 billion yuan and exceeding expectations of 1,800 billion yuan.
M2 money supply jumped by 14.0% year-on-year in January, after a 13.3% gain in December.
Total social financing increased to 3.42 trillion yuan in January from 1.82 trillion yuan in December.
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