China Easing Case Grows on ‘Grim’ Outlook, Money Supply: Economy

China’s money-supply expanded by the least in a decade and Communist Party leaders described the global outlook as “very grim,” underscoring the case for more monetary easing to support growth.

M2, a broad measure of money supply, grew 12.7 percent in November, the least since 2001, according to data released after an annual economic planning meeting in Beijing today. Local-currency lending of 562.2 billion yuan ($88 billion) was less than in October, the central bank said.