China M2 Money Supply Growth Hits New Record Low in July

SHANGHAI, Aug. 15 (SMM) – China’s M2 money supply rose 9.2% year-on-year in July, a new record low, versus June’s 9.4% growth and expected 9.5% growth. 

China’s M1 money supply rose 15.3% year-on-year in July, versus June’s 6.6% increase and expected 6.5% rise. 

China’s social financing increased 1.22 trillion yuan in July, beating forecast for 1 trillion yuan increase, and the figure in June was revised down from 1.78 trillion yuan to 1.776 trillion.   

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