Date
19 October 2017

China seen lifting M2 13%, Caijing says

China is expected to increase its outstanding broad money supply (M2) by about 13 percent, or 14 trillion yuan (US$2.29 trillion), this year, Caijing reported over the weekend, citing unnamed sources. However, the growth in M2 will not be a fixed target and the central bank will have more flexibility in managing money supply, sources were quoted as saying. China may offer 9 trillion yuan to 9.5 trillion yuan worth of new loans this year, the report said.

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MY/AC/RA

 

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