Macro Flash

China: Financial Statistics Report for February 2021 (PBC)

Money aggregates, loans and deposits 1. Broad money grew by 10.1%, narrow money grew by 7.4% At the end of February, the broad money (M2) balance was 223.6 trillion yuan, a year-on-year increase of 10.1%, and the growth rate was 0.7 and 1.3 percentage points higher than the end of the previous month and the […]

Business Intelligence China ENG Future of Money & Finance

Future of Money: An update on China’s Digital Yuan Project

Known as the Digital Currency Electronic Payment (DC/EP), the CBDC (Central Bank Digital Currency) project piloted by the People’s Bank of China is so far the most advanced projet of its kind in the world. The introduction of a CBDC in the world’s most populous country and second largest economy may have far reaching consequences.