According to the financial performance figures released by the People's Bank of China for February 2009, the country's new loans still maintained rapid growth in the month of February.
By the end of February, China's broad money M2 reached RMB 50.71 trillion ($7.42 trillion), a year-on-year increase of 20.48 percent. The growth rate was up 1.69 percentage points compared with the end of January.
By the end of February, total outstanding bank loans of financial institutions in China stood at RMB 33.06 trillion ($4.84 trillion), up 24.17 percent year on year. The growth rate was up 5.44 percentage points compared with the end of the previous year, and up 2.85 percentage points compared with the end of January.
By the end of February, total deposits at Chinese financial institutions amounted to RMB 51.16 trillion ($7.49 trillion), up 23.02 percent year on year.