(Yicai Global) May 11 -- China's broad money supply M2 and lending growth surpassed market expectations last month.

China's M2 balance widened annually by 11.1 percent to CNY209.35 trillion (USD29.56 trillion) by the end of April, said the People's Bank of China today. Respondents to the most recent Yicai Chief Economist Survey predicted that the figure would expand by 10.26 percent.

The PBOC said that the country's total loan volume rose CNY681.8 billion (USD37.4 billion) to CNY1.7 trillion. Survey participants had expected the number to reach CNY1.48 trillion instead.

Editor: Emmi Laine