2nd LD-Writethru: China's central bank to maintain policy support as financial figures show steady growth in August


  • World
  • Saturday, 14 Sep 2024

BEIJING, Sept. 13 (Xinhua) -- China's central bank said Friday that it will maintain its monetary policy support to contribute to economic growth, as financial data continued to show steady growth in August, according to a statement published on the website of the People's Bank of China.

The central bank said the growth rate of M2, a broad measure of money supply that covers cash in circulation and all deposits, has been relatively stable, with a 6.3 percent year-on-year growth to reach 305.05 trillion yuan (about 43 trillion U.S. dollars) at the end of August.

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