China money-supply growth slows

Latest figures show growth in China's money-supply slowing in February. The central bank says the broadest measure that's M2 rose 17.5 percent to hit more than 42 trillion yuan from a year earlier. That increase falls slightly below January's 18.9 percent.

Latest figures show growth in China's money-supply slowing  in February.

And the central bank says it aims to set this year's M2 growth even lower at just 16 percent. Analysts are crediting February's M2 slowdown, largely to central bank efforts to absorb over 500 billion yuan in the market. And with figures also showing a 17.2-percent rise in yuan-denominated deposits, analysts say they think this rapid growth in deposits suggests increasing uncertainty about the stock market.

And they believe there should be no ease up in tight monetary policies to ensure inflation is kept in check.In fact,they're predicting continued inflationary pressures over the next three to five months.