M0, M1, and M2 are indicators of money supply in the economic field.
M0 is the narrow money supply, which refers to cash in circulation and short-term deposits such as demand deposits held by enterprises that can be withdrawn at any time. It directly reflects the cash circulation in the market.
M1 is the broad money supply, which includes not only cash and demand deposits in M0, but also residents' savings deposits and other deposits that can be withdrawn at any time. The growth of M1 reflects the demand for funds by enterprises and residents.
M2 is M0 plus time deposits (such as time deposits, notice deposits) and other deposits held by enterprises that can be withdrawn at any time. The growth of M2 reflects more the money supply of the entire society.
However, the data is only the value at a specific point in time and cannot fully reflect the changes in the entire economic cycle. Therefore, when interpreting these data, it is necessary to conduct a comprehensive analysis in combination with other economic indicators and the macroeconomic environment.