Opposing Trends: U.S. Broad Money Contracts Vs. China Grows

Between 2000 and 2023, China's broad money supply expanded by a factor six times greater than the increases observed in the United States. Furthermore, from August 2021 to March 2024, while the U.S. money supply remained unchanged, China's money supply increased by 18.6% in U.S. dollars and 31.8% in Chinese Yuan.