Latest Chinese credit data for January has been released - 15 February 2019
- Prior +8.1%
- New yuan loans ¥3,230.0 bn vs ¥3,000.0 bn expected
- Aggregate financing ¥4,640.0 bn vs ¥3,307.0 bn expected
Broad money growth continues to stagnate at levels just above 8% as China is still balancing out deleveraging efforts and steps to maintain economic growth at healthy (not alarming) levels. Once again, this highlights that authorities are not pursuing deleveraging measures too aggressively still for the time being in fear that it will hurt the economy.
