The People's Bank of China reported that by the end of May, the broad money supply (M2) reached 353.67 trillion yuan, marking an 8.6% year-on-year increase. Narrow money supply (M1) stood at 114.89 trillion yuan, up 5.5%, while currency in circulation (M0) grew 11.9% to 14.69 trillion yuan. Over the first five months of the year, net cash injection was 590.7 billion yuan. Additionally, Renminbi loans increased by 9.11 trillion yuan during the same period, with a significant portion attributed to corporate and institutional borrowing. AI
RANK_REASON This is a financial news report about money supply and loan data, not a core AI development.
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