China money supply to increase 14 percent
February 18th, 2012 - 10:42 pm ICT by IANSBeijing, Feb 18 (IANS) China’s central bank has set a target of 14 percent growth rate for its money supply in 2012.
M2, an important gauge of money supply, mainly includes data of currency in circulation, companies’ demand and time deposits, household savings.
At the end of 2011, China’s M2 reached 85.2 trillion yuan, up 13.4 percent year-on-year, but the growth rate decreased 6.1 percent from the end of 2010, People’s Daily reported Friday.
China will utilize various monetary policies, adopt sound and prudential macroeconomic policy framework and improve credit structure to keep reasonable money supply, the bank said.
- Price stability top priority, says China's central bank - Sep 12, 2011
- China's GDP growth sees moderate slowdown (Lead) - Jul 13, 2011
- China projects 4 percent consumer price rise - Mar 05, 2012
- China's Q3 GDP grows at slowest pace in two years - Oct 18, 2011
- China's bank lending reaches $97 bn in June - Jul 12, 2011
- Japan's monetary base rose in October - Nov 02, 2011
- China's GDP growth to slow to 9.2 percent - Nov 20, 2011
- China sets seven percent growth target - Feb 28, 2011
- China cuts GDP growth to 7.5 percent in 2012 - Mar 05, 2012
- China's GDP falls to two-year low - Oct 19, 2011
- Chinese banks post record profits - Feb 19, 2012
- China's Q1 retail sales up - Apr 13, 2012
- China's foreign trade to top $4.8 trillion in 2015 - Jan 04, 2012
- China likely to further raise interest rates: Analysts - Aug 07, 2011
- Sri Lankan economy registers record growth - Apr 06, 2012
Tags: beijing, china money supply, circulation, credit structure, currency, gauge, household savings, m2, macroeconomic policy, monetary policies, policy framework, prudential, s central, target, time deposits, trillion, yuan