View: China M2 5.17.jpg (1148×677)
China M2 5.17.jpg (1148×677)
Perhaps even more ominously, China's broader M2 annual growth slumped to just 8.1% Y/Y, far below the consensus print of 9.2%, and just off the all time low of 8.0%, the post-covid burst now a fading memory.
I don’t believe Chinese statistics. I’m convinced the authoritarian government there presents a far rosier picture than actually exists.