China: Money Supply (YoY) - M0

Macro

2026-07-15

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

The latest data shows that the year-over-year growth rate of China's M0 money supply in May 2026 dipped slightly to 11.8%, a small decline from the previous 11.9%. Although the People's Bank of China continues to maintain a loose stance, market consensus and credit details reveal a surge in household and corporate deposits and sluggish borrowing willingness, highlighting that the real economy's cash demand and consumption momentum remain conservative.

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AI Data Insight

The latest data shows that the year-over-year growth rate of China's M0 money supply in May 2026 dipped slightly to 11.8%, a small decline from the previous 11.9%. Although the People's Bank of China continues to maintain a loose stance, market consensus and credit details reveal a surge in household and corporate deposits and sluggish borrowing willingness, highlighting that the real economy's cash demand and consumption momentum remain conservative.

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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