China December M2 money supply y/y +8.2% vs +9.1% expected
Latest Chinese data on money supply and loans growth released - 12 January 2018
- New yuan loans CNY 584.4bn vs CNY 1,000.0bn expected
- Aggregate financing CNY 1,140.0bn vs CNY 1,500.0bn expected
- Outstanding loan growth y/y +12.0% vs +13.% expected
The growth in the M2 money supply hits a record low in the December reading.
These were the numbers that Eamonn previewed earlier on here. There is no set time for the release of the numbers - and sometimes they're released over the weekend.
Anyway, the numbers show a deceleration in credit growth - which means that China's constant rhetoric to cut down financial risks are looking like they are coming to fruition here.