AI Data Insight
China's Q2 2026 (April) M0 money supply month-over-month (MoM) growth rate rebounded significantly to 0.2683% from -2.8635% in the previous period, indicating a replenishment of base liquidity. However, although the PBOC maintained a loose monetary policy driving a YoY increase of 8.6% in M2, new RMB loans turned negative for the first time in nine months during the same period, reflecting concerns over persistently weak financing demand in the real economy.