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China's money supply growth slows

From marketwatch.com

China's money-supply growth slowed in August to its lowest level in five months, Premier Li Keqiang said, as he stressed Beijing's commitment to shift away from printing money to stimulate growth. Speaking to business leaders on Monday in the northeastern city of Tianjin on the eve of the World Economic Forum gathering there, Mr. Li said China is on course to hit its major economic targets for the year. But he also said Beijing would continue with its policy of targeted easing, meaning it would focus on moves that would stimulate specific niches of the economy. "Since we've had enough currency in the pool, we can ... (full story)

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