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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (3136)3/30/2004 5:08:45 PM
From: RealMuLan  Respond to of 116555
 
like the economic development, China has been left far behind this currency printing business. So it has to catch up before the big 4 banks offered in public. Otherwise, China will be way short-changed itself.



To: mishedlo who wrote (3136)3/30/2004 7:32:46 PM
From: RealMuLan  Respond to of 116555
 
Now let's do some comparison bet. the US and China in terms of money supply.

In China, as of 2003, M1 is about 11% of M3 (some said 11.6%), it was 25% in 1980, declined 14%.
M2 is about 40% of M3 (some said 37.9%), and it was 65%-70% in 1980, declined 25%-30%.

In US: M1 is 14.7% of M3 as of Feb. 2004, M2 is 68.6% of M3
economagic.com

So China has a long way to catch up.