China: Money Supply (YoY) - M0

Macro

2026-11-13

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

China's latest M0 money supply year-on-year growth rate for Q4 (as of October) reached 10.7%, slightly up from the previous 10.6%, halting the recent downward trend. Against the backdrop of the People's Bank of China (PBOC) continuing to implement a moderately loose monetary policy, market liquidity and cash demand are expected to remain steady before the end of the year, though the sustainability of credit recovery still requires attention.

AI Data Insight

China's latest M0 money supply year-on-year growth rate for Q4 (as of October) reached 10.7%, slightly up from the previous 10.6%, halting the recent downward trend. Against the backdrop of the People's Bank of China (PBOC) continuing to implement a moderately loose monetary policy, market liquidity and cash demand are expected to remain steady before the end of the year, though the sustainability of credit recovery still requires attention.

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