
The People’s Bank of China (PBOC) has just released its official raft of financial data for the first half of 2020, pointing to a significant decline in M1 money supply growth during the period.
Preliminary data released by PBOC on 10 July indicates that the increase in total social financing (TSF) in the first half of 2020 was 20.83 trillion yuan, 6.22 trillion yuan ahead of the figure for the same period last year.