PBOC says money supply growth 'suitable'

M2, the broad measure of money supply, grew 16.3 per cent year-on-year by the end of July, the People's Bank of China (PBoC) announced in Beijing Friday 12 August.

The increase was "suitable" for China's economic growth, the PBoC, or the central bank, said in a report.

M1, or the narrow measure of money supply, rose by 11 percent. Money in circulation went up 9.1 percent.

By the end of July, the outstanding yuan-denominated loans stood at 18.6 trillion yuan (2.25 trillion US dollars) at all fi

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