China’s M2 Money Supply Rises 7.1% to 359.06 Trillion Yuan in October

Cointime reports: China’s broad money supply (M2) stood at 359.06 trillion yuan at the end of October, up 7.1% year on year. Narrow money (M1) reached 116.9 trillion yuan, up 4.4%, while currency in circulation (M0) totaled 15 trillion yuan, up 10.7%. Net cash injections in the first ten months of the year amounted to 902.3 billion yuan.