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MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI (BEIJING)

China's M1 money supply drop further narrowed amid a rebound in housing mortgages as measures to stabilise the real estate sector continued to kick in, data released Friday by the People's Bank of China showed.

M1 continued to contract, falling for an eighth straight month in November, though with the decline narrowing to -3.7% from the previous -6.1%. Growth in M2 was 7.1% y/y, down from October's 7.5% growth and underperforming the 7.5% forecast. 

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MNI (BEIJING)

China's M1 money supply drop further narrowed amid a rebound in housing mortgages as measures to stabilise the real estate sector continued to kick in, data released Friday by the People's Bank of China showed.

M1 continued to contract, falling for an eighth straight month in November, though with the decline narrowing to -3.7% from the previous -6.1%. Growth in M2 was 7.1% y/y, down from October's 7.5% growth and underperforming the 7.5% forecast. 

Keep reading...Show less