According to the financial statistics published by China's central bank on January 15th, the growth rate of M2 was relatively low. Besides technical reasons, ANBOUND research team believes that the slowdown of Chinese economy and low inflation have already cut down the market’s demand for currency. Thus, it isn’t surprising that the growth rate of M2 fell below expectation of 13% in 2014. In 2015, with lower GDP target and continued low inflation, the growth rate of M2 will probably continue falling. This will be the New Normal of currency issue in the future.