China's M2 Money Supply Rises 8.6% Year-on-Year to 353.67 Trillion Yuan by End of May

China’s central bank said the country’s broad money supply (M2) balance reached 353.67 trillion yuan by the end of May, up 8.6% year-on-year. According to NS3.AI, the People’s Bank of China also reported that narrow money (M1) totaled 114.89 trillion yuan, representing a 5.5% year-on-year increase.