China M2 Money Supply YoY

M2 Money Supply Growth Moderates in China November Report China’s M2 Money Supply Expands 8.20 Percent Year Over Year M2 Money Supply measures the total amount of cash, checking deposits, and easily convertible near money within an economy over a year. For November, China’s M2 Money Supply rose by 8.20 percent compared to the same month last year, slightly above market expectations of 8.10 percent but down from October’s 8.40 percent. Month over month, this signals a modest slowdown in liquidity growth amid ongoing efforts by policymakers to balance economic stimulus with inflation control. Analysts at Morgan Stanley note that “the steady yet slower expansion in M2 reflects China’s cautious approach to credit growth as global uncertainties persist.” This tempered increase aligns with recent consumer spending trends and the central bank’s calibrated monetary stance, suggesting a focus on sustainable economic recovery rather than aggressive expansion.