China’s money supply to increase 14 pct


China’s central bank set a target of 14 percent growth rate for its M2 money supply in 2012.

M2, an important gauge of money supply, mainly includes data of currency in circulation, companies’ demand and time deposits, household savings. At the end of 2011, China’s M2 reached 85.2 trillion yuan, up 13.4 percent year on year, but the growth rate decreased 6.1 percent from the end of 2010.

China will utilize various monetary policies, adopt sound and prudential macroeconomic policy framework and improve credit structure to keep reasonable money supply.

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