China’s broad money supply (M2) grew 8.6% year-on-year in April 2026, edging up from 8.5% in March, according to data updated on 14 May 2026. The figure reflects a modest acceleration in liquidity growth across the economy, based on a comparison of April’s money stock with the same month a year earlier.
The previous reading for March 2026 showed M2 expanding 8.5% year-on-year, meaning April’s outcome represents a slight but steady continuation of China’s accommodative monetary stance. Both the current and prior figures are calculated on a year-over-year basis, comparing each month’s growth rate with that of the corresponding month in the previous year.
The marginal uptick in April suggests that overall financial conditions remain supportive, with money supply growth holding in a relatively narrow band. Investors and policymakers will be watching subsequent releases to see whether this gentle upward move in M2 growth persists or stabilizes in the months ahead.
