Though new bank loans and money supply growth moderated in China during April, the country"s real economy saw stable development thanks to strong support from the financial sector, experts said.

The broad measure of money supply that covers cash in circulation and all deposits, or M2, increased 8.1 percent on a yearly basis to 226.21 trillion yuan ($35 trillion) at the end of April, according to data released by the People"s Bank of China, the central bank, on Wednesday.

The M2 growth rate was 1.3 percentage points lower than that at the end of March, and down 3 percentage points from the same period a year ago.

China"s new yuan-denominated loans stood at 1.47 trillion yuan in April, down 229.3 billion yuan from a year earlier, the PBOC said.