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Economy

China's broad money supply in May grows 11.1 pct

June 11, 2020


Abstract : China's central bank said Wednesday the country's M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.1 percent to 210.02 trillion yuan (29.7 trillion U.S. dollars) at the end of May.

BEIJING, June 10 (Xinhua) -- China's central bank said Wednesday the country's M2, a broad measure of money supply that covers cash in circulation and all deposits, rose 11.1 percent to 210.02 trillion yuan (29.7 trillion U.S. dollars) at the end of May.

The growth rate was unchanged from that seen at the end of April, and up 2.6 percentage points compared with the same period last year, the People's Bank of China said. Enditem

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