RESEARCH & ANALYSIS

Analysis: China’s Narrow M1 Criteria Leave It Vulnerable to Volatility

Published: Jul. 1, 2024 7:54 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

A bank employee counts money. Photo: VCG

A bank employee counts money. Photo: VCG

Pan Gongsheng, governor of China’s central bank, told the Lujiazui Forum on June 19 that the monetary authority should work on incorporating personal demand deposits and even some highly liquid financial products when measuring M1, which mainly consists of liquid money supply such as cash and corporate demand deposits. This has garnered widespread market attention.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Subscribe to both Caixin Global and The Wall Street Journal — for the price of one.

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Asia New Vision Forum Kicks Off in Singapore

NEWSLETTERS

Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription

PODCAST

Caixin Deep Dive: Former Securities Regulator Yi Huiman’s Corruption Probe

00:00

00:00/00:00

MOST POPULAR

1: Sinopec and Saudi Aramco Launch $10 Billion Petrochemical Venture in Fujian

2: Cover Story: How the Yuan is Taking Over the Dollar’s Role in Global Trade

3: Finance Movers and Shakers: Former Securities Watchdog Chief Yi Huiman Under Graft Probe

4: Exclusive: Ex-CSRC Chief Yi Huiman Faces Corruption Probe Likely Linked to ICBC

5: Hong Kong Moves to Ease Capital Rules for Banks Holding Licensed Crypto

SPONSORED

OR