AI Data Insight
China's M2 month-over-month growth rate surged to 0.8601% in May 2026, which is not only significantly higher than the previous value of 0.1777%, but also demonstrates a strong trend of expansion for two consecutive months. Along with the rebound of the M1 year-over-year growth rate, the "scissors gap" between the two has narrowed, indicating an increase in the precipitation of corporate demand funds. Driven by the dual pull of heavy government special bond issuance and the repatriation of cross-border capital, overall macroeconomic liquidity maintains a steady and accommodative pattern.