By the end of July 2025, China's broad money supply (M2) grew by 8.8%, M1 increased by 5.6%, and M0 rose by 11.8%
At the end of July 2025, the broad money supply in RMB (M2) increased by 8.8% year-on-year, the narrow money supply (M1) increased by 5.6% year-on-year, and the cash in circulation (M0) increased by 11.8% year-on-year.
By the end of July 2025, the broad money supply (M2) in RMB stood at 329.94 trillion yuan, marking an 8.8% year-on-year increase. The narrow money supply (M1) reached 111.06 trillion yuan, up 5.6% year-on-year. The currency in circulation (M0) totaled 13.28 trillion yuan, rising 11.8% year-on-year. A net cash injection of 465.1 billion yuan occurred during the first seven months.
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