China: Money Supply (YoY) - M0

Macro

2026-06-12

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 growth rate in April 2026 fell to 11.9% year-on-year, further slowing down from the previous value of 12.2% and showing a cooling trend for three consecutive months. Although there are slight discrepancies in external market data, overall M0 maintains double-digit growth, reflecting that the cash demand of the real economy holds a certain degree of resilience. Along with the changes in M1 and M2 growth rates, the PBOC is expected to continue precisely adjusting liquidity to support the recovery of domestic demand.

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AI Data Insight

China's M0 money supply growth rate in April 2026 fell to 11.9% year-on-year, further slowing down from the previous value of 12.2% and showing a cooling trend for three consecutive months. Although there are slight discrepancies in external market data, overall M0 maintains double-digit growth, reflecting that the cash demand of the real economy holds a certain degree of resilience. Along with the changes in M1 and M2 growth rates, the PBOC is expected to continue precisely adjusting liquidity to support the recovery of domestic demand.

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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