Balance of M2, M1 and M0 All Rise, China’s Central Bank Says

At the end of April, the balance of broad money (M2) was 280.85 trillion yuan, a year-on-year increase of 12.4%. The growth rate was 0.3 percentage point lower than at the end of the previous month and 1.9 percentage points higher than at the same period of the previous year. The balance of narrow money (M1) was 66.98 trillion yuan, a year-on-year increase of 5.3%, and the growth rate was 0.2 percentage point higher than at the end of last month and the same period of last year. The balance of money in circulation (M0) was 10.59 trillion yuan, a year-on-year increase of 10.7%. The PBOC injected a net liquidity of 313 million yuan in April.