AI Data Insight
China's narrow money supply (M1) month-over-month (MoM) growth rate for Q2 2026 (April) reported at 0.2676%, significantly rebounding and turning positive from the previous value of -3.9699%. Despite the recovery in monthly data, the growth momentum of corporate and household demand deposits remains weak. The market is closely watching the People's Bank of China's subsequent counter-cyclical adjustment policies, such as reserve requirement ratio (RRR) and interest rate cuts.