China’s M2 up 18.9%, yuan lending more than doubled – xinhua

From Xinhuanet (link)

China’s money supply jumped 18.9 percent from a year earlier in April and yuan bank lending more than doubled, the People’s Bank of China said yesterday.

The growth of M2, which includes cash and all deposits, in April followed a year-on-year gain of 18.8 percent in March.

April’s figure exceeded analysts’ forecast. Growth was expected to slow to 18.5 percent, according to the median estimate of 23 economists surveyed by Bloomberg News.

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