China's M2 money supply just hit 240% of GDP — a record no major economy has ever reached.
That's CNY 353.67 trillion (~$51T) circulating for every dollar of economic output. For context: Japan sits at 185%, the US at 70%. Since 2008, China's M2 has grown 500% in USD terms — vastly outpacing its gold and FX reserves.
The gap between money creation and real output widens every year. 21 million is the only number that doesn't change.
$ACT , $SYN , $RAVE
That's CNY 353.67 trillion (~$51T) circulating for every dollar of economic output. For context: Japan sits at 185%, the US at 70%. Since 2008, China's M2 has grown 500% in USD terms — vastly outpacing its gold and FX reserves.
The gap between money creation and real output widens every year. 21 million is the only number that doesn't change.
$ACT , $SYN , $RAVE