China banks stay stable in Jan 2001 - PBOC report

Statistics released on Feb. 12, 2001 by the People's Bank of China (PBOC) show that in January 2001 China's financial sector continued its healthy and stable development momentum, with money supply, deposits and loans maintaining steady growth. At the end of January 2001, outstanding broad money (M2) totaled 13.8 trillion yuan (US$1.66 trillion), up 13.5 per cent from the same period last year; outstanding narrow money (M1) stood at 5.4 trillion yuan, up 16.8 per cent; while cash in circulation

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