The Trend of China's Money Supply under the New Situation and the Study of Its Implications
DOI:
https://doi.org/10.5281/zenodo.13998180Keywords:
Chinese economy, narrow money, broad money, capital flowAbstract
In the past few years, China's economy has encountered a series of intricate internal and external challenges, encompassing the impact of COVID-19, shifts in the global economic landscape, and domestic economic structural adjustments. During the period from 2021 to 2023, several significant changes occurred in the domestic and international economic and financial situations, such as escalating global inflationary pressures, interest rate hikes by the Federal Reserve, and heightened fluctuations in the RMB exchange rate, all of which exerted an influence on the domestic money supply. This study conducts an analysis of the variations in narrow money (M1) and broad money (M2) during the period from 2021 to 2023, delving into the underlying capital flows and their deep-seated reasons.
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Copyright (c) 2024 Xiaojun Li, Yuliang Yang, Qiwei Pang (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.