FX.co ★ China’s M2 Money Growth Holds Steady at 8.6% in May, Matching April Pace

China’s M2 money stock growth remained unchanged in May 2026, holding at 8.6% year-over-year, the same pace recorded in April 2026. The latest data, updated on 12 June 2026, show no acceleration or deceleration in broad money supply expansion as measured against the same month a year earlier.

On a year-over-year basis, the “actual” figure for May reflects how the money stock has changed compared with May 2025, while the “previous” 8.6% reading for April measures the change versus April 2025. The back-to-back identical readings indicate a period of stability in China’s monetary aggregates, with broad liquidity conditions neither tightening nor loosening further over the past two months.