China Stock of money

Factbook > Countries > China > Economy

Stock of money: $2.434 trillion (31 December 2008)
$2.09 trillion (31 December 2007)

Definition: This entry, also known as "M1," comprises the total quantity of currency in circulation (notes and coins) plus demand deposits denominated in the national currency, held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. The national currency units have been converted to US dollars at the closing exchange rate on the date of the information.

Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of February 21, 2013

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