Li says money supply to grow 12% in 2017

China will continue to pursue a prudent and neutral monetary policy this year, with the M2 money supply and aggregate financing forecast to grow by around 12 percent, Premier Li Keqiang said in the Government Work Report on Sunday.

Last year, the M2 money supply increased by 11.3 percent year-on-year, below the projected target of around 13 percent, the premier said in the report.