China data - aggregate financing (Feb) higher than expected, down on January

Author: Eamonn Sheridan | Category: News

 New yuan loans, aggregate financing, and money supply data hitting now, and yes, there will be new year distortions


January new yuan loans CNY 839.3bn
  • expected 900bn, prior 2900 bn
Aggregate financing 1170bn
  • expected 1066.5bn, prior 3060.3bn

Money supply M1 8.5%

  • expected 11.0%, prior 15.0%  

Money supply M2 8.8% y/y

  • expected 8.7%, prior 8.6%