China's yuan-denominated loans rose by 21.58 trillion yuan ($3.03 trillion) in the first 11 months of this year, the People's Bank of China, the country's central bank, said on Wednesday.
Chinese banks extended close to 1.09 trillion yuan worth of new yuan loans in November alone.
Meanwhile, the M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 10 percent
