AI Data Insight
The latest released data for Q2 2026 (May) shows that China's M0 month-over-month (MoM) growth rate reached 0.3473%, successfully reversing the previous month's decline of -0.3915%. Accompanied by the upward trend in narrow money (M1) growth and the persistently high level of broad money (M2), this indicates that the PBOC's moderately loose monetary policy has been effective. The future focus of observation will shift to whether real economic demand can keep pace with the expansion of funding.