The Reality Of China’s Monetary Growth And Sluggish Social Financing – Analysis

By Wei Hongxu

On December 12, data announced by the People’s Bank of China (PBoC) shows that at the end of November, broad money (M2) and narrow money (M1) increased by 12.4% and 4.6% year-on-year respectively, and the growth rates were 0.6 percentage points higher and 1.2 percentage points lower than the end of the previous...