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CN M2 Money Supply +8.8% YoY in Aug, vs Consensus +8.6%
Recommend 3 Positive 7 Negative 7 |
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The People's Bank of China announced that China's broad money (M2) balance was RMB331.98 trillion at the end of August, marking a YoY growth of 8.8%, compared to the market's forecast of an 8.6% increase. Meanwhile, China's narrow money (M1) balance was RMB111.23 trillion, up 6% YoY, while the balance of money in circulation (M0) was RMB13.34 trillion, up 11.7% YoY. The net cash injection for 8M25 reached RMB520.8 billion. AAStocks Financial News |
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