Does it means that everyone who’s holding that coin has way less purchasing power? Does it mean that if the Yuan has a devastating devaluation is gonna be cheaper to import from there and expensive to export? Is this china’s answer to the tariffs? Why should I give a fuck?

M1? Whose checking account(s) got the infusion?

They just broadened what M1 encompasses. This happened in the US during the pandemic. $M1 is a deprecated metric now because they made checking and savings accounts basically count as the same thing, after removing restrictions on savings transfers. That’s why the old $M1 chart looks crazy. I know because countless times I’ve had to tell people who’ve frantically shared the $M1 chart who thought the rule change spike was money printing.

https://www.chinadaily.com.cn/a/202412/02/WS674db6cda310f1265a1d0a4e.html