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14.08.202608:00:00UTC+00China’s M2 Growth Eases to 7.7% in July, Signaling Mild Liquidity Slowdown

China’s broad money supply (M2) growth softened in July 2026, with the year-on-year rate easing to 7.7%, down from 8.0% in June 2026. The latest figures, updated on 14 August 2026, point to a modest deceleration in liquidity growth within the Chinese financial system.

Both the current and previous readings are measured on a year-over-year basis, comparing each month to the same period a year earlier. The slight slowdown in July suggests a tempering in monetary expansion after June’s pace, and will likely be watched closely by markets and policymakers as they assess credit conditions and the broader economic outlook.

The July M2 data add nuance to the trajectory of China’s monetary environment, hinting that while liquidity remains supportive, the rate of expansion is cooling compared with the prior month’s performance.

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