AI Data Insight
China's latest Q3 2026 M2 monthly growth rate unexpectedly turned negative to -0.3373%, a sharp drop from 0.8601% in the previous period of Q2 2026. The data reflects persistently weak credit demand from enterprises and households, with market funds idling within the banking system. As the short-term economy faces downward pressure, the market is closely watching the PBOC's follow-up actions to expand easing.