It appears that there is a significant decline in China’s M1 money supply growth rate. According to the data and tweets provided, the M1 money supply in China has been decreasing since June 2023, with the most recent figures showing a 4.2% year-on-year decline in May 2024. This is a notable shift from the previous growth rates, which were around 1-2% in the months before June 2023.
The decline in M1 money supply growth could indicate a slowdown in economic activity and a decrease in liquidity, which can have implications for the broader economy.
🇨🇳 #China M1 money supply (usually a leading indicator) fell 4.2% YoY in May (largest drop ever)
*Real M1 (adjusted for CPI) fell 4.5% YoY in May (largest drop since Jan. 2000) pic.twitter.com/NiM2GRB0DE— Christophe Barraud🛢🐳 (@C_Barraud) June 14, 2024
China sold 50-Year Bonds at the Lowest Yield in History 🚨 pic.twitter.com/IQFpMFSS6I
— Barchart (@Barchart) June 14, 2024
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