China’s M2 Money Supply Rose 10.5% in October as Credit Growth Expanded(Yicai Global) Nov. 11 -- China’s broad money supply increased 10.5 percent last month, 2.1 points more than in October last year, as the pace of credit growth quickened.
M2, a broad measure of money supply that covers cash in circulation and all deposits, rose to CNY214.97 trillion (USD32.52 trillion) last month, the People’s Bank of China said today.
Total social financing rose by CNY549.3 billion (USD83 billion) to CNY1.42 trillion, while new yuan loans gained CNY25.8 billion (USD3.9 billion) to CNY689.8 billion.
Editor: Peter Thomas
