Chinese Economics Thread
- Thread starter Norfolk
- Start date
That “macro strategist“ is yet another idiot who dares to compare M2 between China and the US without knowing they are not the same. The Chinese M2 figure includes many items that are only in the American M3 category (yet it is still much smaller than the American M3). For example, China includes all deposits in M2 while the US only includes “time deposits less than $100,000”.
And China does not have or disclose the stats equivalent of the American M3.
The Chinese M2:
名称] 广义货币供应量
[别名] M2
[适用] 金融保险
在中国现阶段是指M1加上机关、团体、部队、企业和事业单位在银行的、城乡居民、和信托类存款。M2可用来作为观察和调控中长期金融市场均衡的目标，通常M2的增幅应控制在经济增长率、物价上涨率、变化程度三者之和的范围内。
The American M2:
Before May 2020, M2 consists of M1 plus (1) savings deposits (including money market deposit accounts); (2) small-denomination time deposits (time deposits in amounts of less than $100,000) less individual retirement account (IRA) and Keogh balances at depository institutions; and (3) balances in retail money market funds (MMFs) less IRA and Keogh balances at MMFs.
Beginning May 2020, M2 consists of M1 plus (1) small-denomination time deposits (time deposits in amounts of less than $100,000) less IRA and Keogh balances at depository institutions; and (2) balances in retail MMFs less IRA and Keogh balances at MMFs. Seasonally adjusted M2 is constructed by summing savings deposits (before May 2020), small-denomination time deposits, and retail MMFs, each seasonally adjusted separately, and adding this result to seasonally adjusted M1.
8/10 of labour in Agri economy of US are illegal migrants working in slave like conditions and zero rights, wonder what their biggest buyer will say about this when it will become necessary.
Edit: With added bonus of creating internal political shitstorm between dems and reps.
They don't even include all economics activities that other countries would normally include in their gdp calculation.
this btw boggles my mind. China does not have a debt problem if people are willing to buy 50 year bonds at this kind of yield level
Just curious, where can we get to see this kind of news rather than relying on some random tweet?
