AI Data Insight
In Q3 2026, China's M0 month-on-month (MoM) growth rate slowed sharply to 0.0736%, cooling significantly compared to the previous 0.5687%. Although the People's Bank of China (PBOC) maintained an accommodative stance, new loan data during the same period fell far short of market expectations, highlighting the dual challenges of stagnant private capital circulation and weak demand in the real economy.