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<Econ>CN M2 Money Supply Hikes 8% YoY in Nov, vs. Mkt Expected 8.2% Increase
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The People's Bank of China announced that China's broad money (M2) balance was RMB336.99 trillion at the end of November, marking a YoY increase of 8%, compared to the market expectation of an 8.2% increase. China's narrow money (M1) balance was RMB112.89 trillion, up 4.9% YoY, compared to the market forecast of a 5.7% rise. The balance of money in circulation (M0) also grew by 10.6% YoY to RMB13.74 trillion. The net cash injection for 11M25 was RMB917.5 billion. AAStocks Financial News |
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