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February's financial performance remained stable
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13:15, March 13, 2008

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Financial performance in February remained stable, according to statistics released by the central bank of the People's Bank of China on Wednesday.

M2, the broad measure of the money supply, that includes cash and all deposits, rose 17.48 percent over the previous year, to 42.1 trillion yuan. This figure is 1.46 percentage points lower than January's figure.

RMB loans increased by 243.4 billion yuan: 170.4 billion yuan down from the same period last year.

M1, the narrow measure of the money supply, including cash and demand deposits, rose 19.2 percent in February to 15.02 trillion yuan, and 1.85 percentage points lower than that in January.

By People's Daily Online




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