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China's money supply money supply scale of 70 trillion into the world's first

Source: Internet
Author: User
Keywords Money supply
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The central bank 11th released data show that October China's new RMB loan amounted to 587.7 billion yuan, a slight decrease in the chain, but the year-on-year increase of more than 334.7 billion yuan.　　The data also shows that since the financial crisis, China's cumulative new RMB loan has exceeded 17 trillion yuan, the money supply scale of nearly 70 trillion yuan, more than the United States to become the largest money supply. The market generally believe that the liquidity surplus is forming, if not to take regulatory measures, price rise pressure is bound to appear. Since 16th, the central bank has raised the reserve requirement ratio for financial institutions by 0.5%, releasing signals of tightening liquidity to the market. Xinhua

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