oh!

https://www.chinadaily.com.cn/a/202412/02/WS674db6cda310f1265a1d0a4e.html

This is nothing more that PBOC expanding the definition of M1 in Jan 2025. Have a look at CN M2 money supply, which has remained stable.

https://v.nostr.build/788qymXeLIFfsYRN.mp4

It’s not printing. It’s new labeling

It's just a reformulation. The U.S. Fed did something similar in 2020. Basically, by choosing to suddenly start including Savings accounts in M1, it has the appearance of jumping some $12T literally overnight. (regardless, neither will end well). https://image.nostr.build/6ec3d8da62aaa8f54bd3810...