China: Money Supply (YoY) - M0

Macro

2026-10-14

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
Hashtags
China Finance M0

AI Data Insight

China's M0 money supply year-on-year growth rate for September 2026 (Q3) dropped to 10.6%, lower than August's 11.2%. The latest data shows a slowdown in the growth of cash in circulation, while the scissors difference between M2 and M1 has further widened. This reflects that enterprises and residents are more inclined towards term savings, and the market urgently needs stronger fiscal policies to break through the liquidity "barrier lake" in the real economy.

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AI Data Insight

China's M0 money supply year-on-year growth rate for September 2026 (Q3) dropped to 10.6%, lower than August's 11.2%. The latest data shows a slowdown in the growth of cash in circulation, while the scissors difference between M2 and M1 has further widened. This reflects that enterprises and residents are more inclined towards term savings, and the market urgently needs stronger fiscal policies to break through the liquidity "barrier lake" in the real economy.

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Macro
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
Hashtags
China Finance M0