Money supply sees steady increase

China's money supply, measured by M2, saw a slight acceleration in growth in November, reaching 9.1 percent year-on-year. This increase was accompanied by a significant surge in new yuan-denominated loans issued by banks, which nearly doubled from October to 1.12 trillion yuan. These figures suggest an effort to support economic expansion during the month. Despite the uptick in monetary indicators, the People's Bank of China emphasized the ongoing priority of preventing financial risks.

These monetary policy adjustments are crucial as they signal the delicate balance China's central bank is attempting to strike between stimulating economic growth and mitigating potential systemic financial risks.