China’s Slowing Growth in M2 Hasn’t Affected Economy, Ma Says

  • Fundamentals support stable exchange rate, PBOC economist says
  • Data on Friday showed economic stabilization faltered in July

PBOC Economist on Money Supply, FX, Economy

China’s slowing growth in money supply hasn’t affected the economy and the nation’s fundamentals support a stable foreign-exchange rate, the top economist at the central bank’s research bureau said.

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