China reports 700 bln yuan of new loans in Feb.

BEIJING, March 11 (Xinhua) -- China's new yuan-denominated lending in February stood at 700.01 billion yuan (102.5 billion U.S. dollars), half that of January's 1.39 trillion yuan, the People's Bank of China (PBOC, the central bank) said Thursday.

China's yuan-denominated lending in 2009 hit a record 9.59 trillion yuan, almost double that of the previous year.