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China's M2 up 13.9% in Nov

Dec. 12, 2012 (China Knowledge) - China's M2, a broad measure of money supply, was RMB 94.48 trillion at the end of November this year, up 13.9% compared with a year ago, and the growth was 0.2 percentage points lower than a month earlier, according to the latest statistics released by the People's Bank of China.

M1, which includes deposits in withdrawal-on-demand accounts and cash in circulation, had risen 5.5% YoY to RMB 29.69 trillion at the end of last month. The growth rate was 0.6 percentage points lower than that at the end of October.
M0, or cash in circulation, had increased 10.7% from a year earlier to RMB 5.24 trillion at the end of November.
The central bank also said that the country's new RMB-denominated loans were RMB 522.9 billion in November, RMB 40 billion less than in the same month of last year.

At the end of last month, China's had RMB 62.54 trillion in the balance of RMB-denominated loans, reflecting a YoY increase of 15.7%. The growth was 0.2 percentage points lower than that of October.

The country's outstanding RMB deposits had increased 13.4% YoY to RMB 90.16 trillion at the end of November. Last month, China saw an increase of RMB 473.9 billion in RMB deposits.

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