China's cash in circulation and total deposits grew 15.9% in January year-on-year to US$4.5 trillion, state media reported. Statistics released by the central bank said that newly-added RMB deposits in January amounted to US$3.3 billion, about US$86 billion fewer than that of the previous year. By the end of January, the narrow measure of the money supply grew 20.2% year-on-year to US$1.7 trillion, with the growth rate 2.7% higher than the previous year. Money in circulation dropped 4.6% to US$358 billion. Bank figures also indicated that outstanding RMB deposits rose 16.8% year-on-year by the end of January to US$4.36 trillion.