Chi­nese Cen­tral Bank Re­leases Of­fi­cial Fi­nance Data for First Half of 2020

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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.

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