We are used to observe liquidity through series of indicators from currency's performance during the past 30 years in China’s economic development. ANBOUND’s contributing economist Zhong Wei suggests that we have to learn to observe liquidity through series of indicators from credit during the process of establishing the future "new normal". As accepted by market, before the Nineteenth National Congress of the CPC, a growth rate of 10% for M2 means a forever deviation from its previous 18%, rather than an unprecedent shortage of liquidity.