China Daily SmartEdition

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

en-hk

2022-08-13T07:00:00.0000000Z

2022-08-13T07:00:00.0000000Z

https://chinadaily.pressreader.com/article/281681143657232

China Daily