M2 Rises 1.3pc in August

The PBoC telegraphed M2 would climb in the coming months and they were guaranteed an increase thanks to the slow growth in August to October 2015. Last August 2015, M2 increased 0.3 percent; this year it increased 1.3 percent, lifting M2 yoy growth from 10.2 percent in July to 11.4 percent in August. Three-month rolling M2 growth is 14.1 percent.