Press "Enter" to skip to content

M2 and aggregate financing should match GDP growth – government work report

Premier Li Keqiang said in the government work report delivered to the National People's Congress on Tuesday that "the prudent monetary policy should be neither too tight nor too loose".

The language compares with "the prudent monetary policy should be maintained neutral" in the government work report in 2018. The word "neutral" was removed this year.

The estimate for growth in M2, the country’s broadest measure of money supply, was missing from the  report for the second straight year, a move that may reflect the central bank’s efforts to downplay the importance of M2 as an indicator . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top