China: Money Supply - M0

Macro

2026-11-14

Description

China Money Supply - M0 is compiled and published by the People's Bank of China (PBOC) and measures the total amount of cash in circulation. M0 is the most basic level of money supply and generally reflects changes in cash demand within the economy. It serves as an important indicator for observing the implementation of monetary policy and liquidity management. Growth in M0 typically indicates rising cash demand, reflecting increased consumption and transaction activities, while a decline in M0 may suggest weakened cash demand or reduced economic activity.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update

AI Data Insight

DataTrack data shows that China's M0 money supply in Q4 2026 reached 149,971.13 hundred million RMB, slightly edging down from the previous value of 150,169.14 hundred million RMB. Despite a slight contraction in the total volume, market base liquidity remains at a high level, benefiting from the PBOC's moderately accommodative policy. The recovery of credit demand in the future will be a core focus to monitor.

AI Data Insight

DataTrack data shows that China's M0 money supply in Q4 2026 reached 149,971.13 hundred million RMB, slightly edging down from the previous value of 150,169.14 hundred million RMB. Despite a slight contraction in the total volume, market base liquidity remains at a high level, benefiting from the PBOC's moderately accommodative policy. The recovery of credit demand in the future will be a core focus to monitor.

Description

China Money Supply - M0 is compiled and published by the People's Bank of China (PBOC) and measures the total amount of cash in circulation. M0 is the most basic level of money supply and generally reflects changes in cash demand within the economy. It serves as an important indicator for observing the implementation of monetary policy and liquidity management. Growth in M0 typically indicates rising cash demand, reflecting increased consumption and transaction activities, while a decline in M0 may suggest weakened cash demand or reduced economic activity.

Published by
People's Bank of China (Choice)
Frequency
Monthly
Next Update