最近关于M1和M2的增速问题的文章很多。我看多数文章有些夸张了。从过去15年中国M1占M2的比例来看,M1占比的长期趋势是下降,从40.11%下降到28.80%。今年6月底回升到29.76%,仍旧很低。
中国M1占M2的比例
| 年份 | M1 | M2 | M1/M2(%) |
| 2000 | 53,147 | 132,488 | 40.11 |
| 2001 | 59,872 | 152,889 | 39.16 |
| 2002 | 70,882 | 183,247 | 38.68 |
| 2003 | 84,119 | 219,227 | 38.37 |
| 2004 | 95,971 | 253,208 | 37.90 |
| 2005 | 107,279 | 298,755 | 35.91 |
| 2006 | 126,028 | 345,578 | 36.47 |
| 2007 | 152,519 | 403,401 | 37.81 |
| 2008 | 166,217 | 475,167 | 34.98 |
| 2009 | 221,446 | 610,225 | 36.29 |
| 2010 | 266,622 | 725,852 | 36.73 |
| 2011 | 289,848 | 851,591 | 34.04 |
| 2012 | 308,664 | 974,149 | 31.69 |
| 2013 | 337,291 | 1,106,525 | 30.48 |
| 2014 | 348,056 | 1,228,375 | 28.33 |
| 2015 | 400,953 | 1,392,278 | 28.80 |
| 2016-06 | 443,644 | 1,490,492 | 29.76 |