Money growth slows slightly in March
By Chen Jia | China Daily | Updated: 2018-04-14 07:05
Seasonal and temporary factors cited as reasons by central bank
China's money supply growth retreated to its slowest pace in three months in March, constrained by tightening regulations aiming at curbing financial leveraging, according to central bank data released on Friday.
The year-on-year growth of M2, or the broad measure of money supply covering cash in circulation and all deposits, slowed to 8.2 percent at the end of March from 8.8 percent in February and 8.6 percent in January, according to the People's Bank of China.
Photo