Latest Chinese credit data for December has been released - 12 January 2021
- Prior +10.7%
- New yuan loans ¥1,260.0 bn vs ¥1,250.0 bn expected
- Aggregate financing ¥1,720.0 bn vs ¥2,185.0 bn expected
Broad money growth eases slightly towards the end of last year but remains rather elevated as China continues to maintain a healthy supply of credit in order to try and bolster the economy amid the virus crisis.
The total new yuan loans for the year came in at a record total of ¥19.6 trillion, so that pretty much shows how much of a priority the recovery is relative to deleveraging efforts.
