Money supply growth at record low
By Wang Yanfei | China Daily | Updated: 2017-08-16 08:49
Slow pace set to become the 'new normal' in the months ahead
China's money supply growth slowed to its lowest level on record in July as regulators continue to keep a grip on fending off financial risks.
The M2 money supply in July grew 9.2 percent year-on-year, compared to 9.4 percent in June, data from the People's Bank of China showed on Tuesday.
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