| From Marketoracle.co.uk: According to the data published by the People's Bank of China on July 15, the broad money supply (M2) expanded more than 2 trillion Yuan in June alone, to 56.89 trillion Yuan. That’s an increase of 7.28 trillion so far this year (14.6%) and a year on year increase of 28%.
For all the jawboning China does about the United States over-issuance of money, they’re not doing too bad themselves. The Chinese money supply is rising at its fastest pace in more than 12 years, and foreign-exchange reserves have gained the most since the global financial crisis began........Full Article: Source
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