AI Data Insight
The latest Q3 2026 (2026-08-01) data shows that the YoY growth rate of China's M2 money supply fell to 7.5%, lower than the previous observation (2026-07-01) of 7.7%, and slightly missing the market consensus of 7.6%. Although the total money supply continues to climb, the scissors gap between M1 and M2 highlights that funds are mostly trapped in time deposits, and the liquidity and domestic demand transformation in the real economy still face challenges.