FX.co ★ China’s M2 Growth Cools to 8.5% in March, Easing From February’s 9.0% Pace

China’s broad money supply growth moderated in March 2026, with M2 expanding 8.5% year-over-year, down from 9.0% in February, according to data updated on 13 April 2026.

Both the current and previous readings reflect year-over-year comparisons, measuring how the money stock in each month changed relative to the same month a year earlier. The March slowdown suggests a slight easing in liquidity growth compared with February, signaling a modest deceleration in the pace at which money is circulating in the Chinese economy.

While the change is incremental, the shift from 9.0% to 8.5% may be closely watched by markets and policymakers as they assess underlying credit conditions and the effectiveness of existing monetary settings in supporting economic activity.