Baidu · Social
Typhoon Bailu makes a U-turn, bringing renewed rainfall
台风白海豚杀了个“回马枪”
Cross-platform appearance establishes public attention, not policy importance; relevance depends on corroborating official measures.
PBOC data shows broad money growth slowing to 7.7%
央行数据显示广义货币增速放缓至7.7%
The People's Bank of China's monetary aggregates, released after an 18-day hold, show M2 growth easing to 7.7% year-on-year and M1 outstanding falling to 115.46 trillion yuan. No policy statement accompanied the data release. Equity markets were mixed: the Shanghai Composite fell 0.49%, while the ChiNext rose 1.12%. The yuan strengthened slightly against the dollar, with USD/CNY at 6.7302.
中国人民银行在暂停18天后公布的货币总量数据显示，M2同比增速放缓至7.7%，M1余额降至115.46万亿元。数据发布未伴随政策声明。 股市表现分化，上证综指下跌0.49%，而创业板指上涨1.12%。人民币对美元小幅走强，USD/CNY报6.7302。
What changed since the prior edition
Against the Evening Snapshot of 19:01 Beijing time, this edition adds 1 new signal and carries 2 forward. New on the board: Typhoon Bailu makes a U-turn, bringing renewed rainfall.
Economy & Markets
Still on the board
What's Trending
Baidu · Social
Pang Donglai store closure affects nearby vendors
胖东来闭店一天整条街没人出摊
Cross-platform appearance establishes public attention, not policy importance; relevance depends on corroborating official measures.
Deviation watch
- 3.0
M0 Outstanding
M0 Outstanding moved 14.74 → 14.82 after holding 18d
- 3.0
M0 YoY
M0 YoY moved 11.8 → 11.6 after holding 18d
- 3.0
M1 Outstanding
M1 Outstanding moved 118.48 → 115.46 after holding 18d
- 3.0
M2 Outstanding
M2 Outstanding moved 356.71 → 355.51 after holding 18d
- 3.0
M2 YoY
M2 YoY moved 8 → 7.7 after holding 18d
- 3.0
RMB Deposits Outstanding
RMB Deposits Outstanding moved 346.44 → 346.47 after holding 18d
Market snapshot
SSE Composite 3927.177 ▼0.49% · Shenzhen Component 14354.306 ▼0.42% · ChiNext 3626.2964 ▲1.12% · USD/CNY 6.7302 ▼0.09% · USD/CNH 6.7423 ▼0.02%
Scheduled official releases
- 2026-10-20
Preliminary Quarterly Report on Value Added of Major Industries
- 2026-10-27
Monthly Report on Industrial Economic Efficiency
- 2026-10-30
Quarterly Report on Production and Operation of Cultural and Related Industries Above Designated Size
- 2026-10-31
Monthly Report on Purchasing Managers' Index
- 2026-11-09
Monthly Report on Consumer Price Index
- 2026-11-09
Monthly Report on Producer Price Index for Industrial Products
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China Snapshot, a publication of CHINA SNAPSHOT LIMITED (Hong Kong). Operated by Tristan McInnis, Managing Partner, Inner Chapter, Shanghai. Chinese sources machine-translated by DeepSeek; interpretation drafted by a language model under our editorial standards; corrections to support@china-snapshot.com.