China is experiencing unprecedented growth in money supply: China's M2 money supply has reached about 240% of GDP, the highest among any major global economy. This metric has surged by +100 percentage points since the 2008 financial crisis. During this period, China's M2 money supply, measured in USD, has skyrocketed by +500%. In comparison, the country's gold reserves and foreign exchange reserves have increased by +100% and +60%, respectively. To put this into perspective, Japan ranks second with an M2-to-GDP ratio of about 185%, while the U.S. sits at around 70%. China's monetary expansion is unprecedented among major economies. Why is it that despite printing so much money, our stock market performance still lags behind the U.S.?