Chinese Money Supply Stable in January

Chinese money supply accelerated into late 2019 along with local bond issuance. Measured on a annualized 3-month rolling basis, M2 increased 16.7 percent as of January, up from 16.4 percent the year prior. However, January M2 growth was 1.84 percent, down from 2.15 percent a year earlier. May be no point in comparing since coronavirus is going to put an asterisk on the following months' data.

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