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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

U.S. stocks close lower
Syria's Sharaa grants Kurdish Syrians citizenship, language rights for first time, SANA says
Emergency calls reveal chaos after Minneapolis ICE shooting as city braces for more unrest
Trump offers to restart mediation between Egypt and Ethiopia on Nile River water sharing
Trump to pardon former Puerto Rico governor Vazquez
Crude futures settle higher
U.S. dollar ticks up
Roundup: Drought, groundwater overuse trigger surge in sinkholes in central T�rkiye
US officials provide shifting accounts of ICE detainee death in Texas military camp
Russia's 2025 inflation stands at 5.59 pct

Others Also Read