The People's Bank of China has expanded the definition of M1 from January 2025. Previously, only cash in circulation and sight deposits of companies were included. Now it also includes demand deposits of households and reserve funds of non-bank payment institutions.
Would be a sneaky move to also print a lot to buy corn during the same time of the redefinition. Would obscure the news that they are winning the race to buy with the printer.
.....Not a single man in sight...... Hmmmmm.... Getting rid of the competition, indoctrinating females, creating a machine to know nothing but anger and war.....
It's just a reformulation. The U.S. Fed did something similar in 2020. Basically, by choosing to suddenly start including Savings accounts in M1, it has the appearance of jumping some $12T literally overnight. (regardless, neither will end well).