China's yuan-denominated loans rose by 13.53 trillion yuan (about 1.89 trillion U.S. dollars) in the first seven months of this year, central bank data showed on Tuesday.
According to the People's Bank of China, the M2 -- a broad measure of the money supply that includes cash in circulation and all deposits -- rose 6.3 percent year on year to 303.31 trillion yuan (about 42.33 trillion U.S. dollars) at the end of July.
The M1, which covers cash in circulation plus demand deposits, stood at 63.23 trillion yuan (about 8.82 trillion U.S. dollars) at the end of July, down 6.6 percent from the previous year.
According to preliminary statistics, the social financing scale increased to 18.87 trillion yuan (about 2.63 trillion U.S. dollars) in the first seven months, a decrease of 3.22 trillion yuan (about 449 billion U.S. dollars) compared to the same period last year.
At the end of July, outstanding yuan loans totaled 251.11 trillion yuan (about 35.04 trillion U.S. dollars), an increase of 8.7 percent year on year.
China's yuan loans grow by 13.53 trillion yuan in Jan-July: central bank
The lineup for the 2025 Spring Festival movie season was officially revealed on Wednesday with six highly anticipated films set to hit the big screens in China on the first day of the Spring Festival on January 29.
The six films -- Creation of the Gods II: Demon Force, Ne Zha 2, Detective Chinatown 1900, Operation Leviathan, Boonie Bears: Future Return, and The Legend of the Condor Heroes: The Great Hero -- span a range of genres and feature impressive creative teams.
Since pre-sales began on Jan 19, advanced sales for the holiday line-up were the fastest ever to reach 100 million yuan (about 13.8 million U.S. dollars).
At a launch ceremony for the Spring Festival movie season, held at the China National Film Museum in Beijing, the cast of each film highlighted the unique selling points of their movie.
"The viewers will not only uncover the hidden points of plot from the first installment of Creation of the Gods, but also get a real sense of the characters and their evolving relationships through a brand new theme," said Wuershan, director of the movie Creation of the Gods II: Demon Force.
Adapted from the classic Chinese martial arts novel by Jin Yong, The Legend of the Condor Heroes: The Great Hero captures the essence of Chinese chivalry with its portrayal of selfless heroism.
described it as a story with stirring heroism.
"The soul-stirring and awe-inspiring heroic spirit conveyed by the film will be touching, memorable and romantic as well," said Tsui Hark, who directed the film.
The animated film Ne Zha 2 continues the adventures of hero Ne Zha -- a beloved Chinese mythological figure -- with a focus on comedy and spectacular visual effects.
Retaining its signature style, the popular detective series Detective Chinatown 1900 promises twists and turns with big production values and glittering special effects.
As China's first film about nuclear submarines, Operation Leviathan presents a broader underwater battlefield and more complex combat scenarios, offering a unique perspective on naval warfare.
The Great Hero -- the last chapter of the "Boonie Bears" sci-fi series -- combines extreme romance and bold imagination to take viewers on a futuristic adventure.
Different discount and subsidy policies for moviegoers during the Spring Festival were also announced at the launch event with local film authorities across the country organizing special events and promotions to encourage cinema visits.
Supporting institutions, including the Industrial and Commercial Bank of China, China UnionPay, Maoyan Entertainment, and Taopiaopia, are expected to provide at least 600 million yuan (about 83 million U.S. dollars) in subsidies for moviegoers during the holiday season.
Six new films set to hit China's big screens on Chinese New Year's Day