Description
China Money Supply - M2 is compiled and published by the People's Bank of China (PBOC) to measure the broad money supply within the economy. M2 includes cash in circulation (M0), corporate demand deposits (M1), as well as time deposits and other quasi-monetary forms of funds. M2 is an important indicator for reflecting the overall money supply in the economy, and it is key for assessing the banking system's liquidity, credit creation capability, and potential for economic growth. Growth in M2 typically indicates credit expansion and increased economic activity, while a decline in M2 may suggest credit tightening or a slowdown in economic activity.