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<p>CHINA HAS MORE MONEY IN ITS SYSTEM THAN EVER

China's M2 money supply hit a record ¥356.81 trillion at the end of August, according to PBOC data.

That's around $53.1 trillion, more than double the US M2 at $23.34 trillion.

China’s M2 grew by ¥1.3 trillion ($190B) in August alone, pushing the money supply 7.5% higher than a year ago.

China added almost ¥24.8 trillion ($3.7T) to its money supply over the past 12 months - even though its economy remains smaller than the U.S. economy.

The gap exists because most Chinese savings sit in bank deposits, which count toward M2, while Americans keep far more of their wealth in stocks and funds.</p>

CHINA HAS MORE MONEY IN ITS SYSTEM THAN EVER
China's M2 money supply hit a record ¥356.81 trillion at the end of August, according to PBOC data.
That's around $53.1 trillion, more than double the US M2 at $23.34 trillion.
China’s M2 grew by ¥1.3 trillion ($190B) in August alone, pushing the money supply 7.5% higher than a year ago.
China added almost ¥24.8 trillion ($3.7T) to its money supply over the past 12 months - even though its economy remains smaller than the U.S. economy.
The gap exists 

CHINA HAS MORE MONEY IN ITS SYSTEM THAN EVER China's M2 money supply hit a record ¥356.81 trillion at the end of August, according to PBOC data. That's around $53.1 trillion, more than double the US M2 at $23.34 trillion. China’s M2 grew by ¥1.3 trillion ($190B) in August alone, pushing the money supply 7.5% higher than a year ago. China added almost ¥24.8 trillion ($3.7T) to its money supply over the past 12 months - even though its economy remains smaller than the U.S. economy. The gap exists because most Chinese savings sit in bank deposits, which count toward M2, while Americans keep far more of their wealth in stocks and funds.

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