M2 up in July; money spurs economy
China’s broad money supply, or M2, by the end of July increased by 12 percent year-on-year. The corresponding rise was 11.4 percent a month earlier, indicating monetary conditions are accommodative enough to support the economy. The nation’s outstanding aggregate social financing — the total amount of financing to the real economy — stood at 334.9 trillion yuan ($49.67 trillion) as of the end of July, up 10.7 percent year-on-year, the People’s Bank of China, the country’s central bank, said on Friday.
BUSINESS
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2022-08-13T07:00:00.0000000Z
2022-08-13T07:00:00.0000000Z
https://chinadaily.pressreader.com/article/281681143657232
China Daily