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China August M2 money supply +10.4% vs +10.7% y/y expected

September 11, 2020 by admin 0 Comments

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Latest Chinese credit data for July has been released – 11 September 2020

New yuan loans ¥1,280.0 bn vs ¥1,250.0 bn expected
Aggregate financing ¥3,580.0 bn vs ¥2,585.0 bn expected

Broad money growth is seen easing a little more as China continues to try and strike a balance between healthy credit growth and not going too easy on deleveraging efforts.

But credit financing continues to pick up (the end-August outstanding social aggregate financing is up 13.3% on the year) and that shows that they are still very much keeping the focus on bolstering economic conditions at the moment.
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This article was originally published by Forexlive.com. Read the original article here.