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<Econ>CN May M2 Money Supply Up 8.6% YoY, In Line
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The People's Bank of China released the financial statistics report for May. As of end-May, the balance of broad money (M2) stood at RMB353.67 trillion, up 8.6% YoY, in line with market expectations. The balance of narrow money (M1) was RMB114.89 trillion, up 5.5% YoY, higher than the market expectation of a 5.0% rise. Currency in circulation (M0) amounted to RMB14.69 trillion, up 11.9% YoY. In the first five months, net cash injection totaled RMB590.7 billion. Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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