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Finance: Money supply down

(chinadaily.com.cn)
Updated: 2006-03-16 17:07

China's central bank said on Wednesday that the growth rate of M2, the broad measure of money supply, slowed down while M1, the narrow measure of money supply, accelerated. Statistics released by the People's Bank of China, the central bank, showed that M2 grew 18.8 percent from the previous year to 30.45 trillion yuan by the end of February, 0.4 percent lower than that at the end of January.  (Xinhua)

Urban residents in China are more confident in share market investment in the first quarter of 2006, according to a survey released by the People's Bank of China on Wednesday. Eight percent of urban residents believe it is the most profitable way to buy a share or bond in the first quarter, up 2.9 percent and 1.8 percentage points, respectively, over last quarter and the same period of last year. (Xinhua)