According to online reports, the People's Bank of China released April financial data today. As of the end of April 2025, the broad money (M2) balance was 325.17 trillion yuan, a year-on-year increase of 8%. "In the long run, M2 growth rate should be used as an observational indicator." Insiders stressed that, extended time to see, China's broad money M2 growth rate overall maintained at more than 7%, Continue to be higher than nominal economic growth. However, in the short term, the growth rate of M2 will also be affected by factors such as market operation and economic subject behavior, resulting in certain temporary fluctuations. Industry experts said that using M2 growth rate as an observational indicator of monetary policy has its inherent rationality. With the deepening of finance and economic structural transformation, market research has shown that the correlation between monetary aggregate and economic growth is weakening, and major developed economies have also experienced the process of gradually diluting and abandoning pegging to aggregate indicators. (Financial Times)