AI Data Insight
In 2025, China's M2/GDP ratio climbed significantly to 242.75%, surging over 10 percentage points from the previous value of 232.38%, setting a new historical record. This trend demonstrates that the growth rate of broad money supply (M2) far exceeds nominal GDP growth. It reflects that under deflationary pressure and a sluggish real estate market, the real economy's ability to absorb funds has weakened, raising the risk of capital "moving away from the real economy to the virtual economy."