Latest credit data released by China - 13 August 2018
- Prior +8.0%
- New yuan loans CNY 1,450.0 bn vs CNY 1,275.0 bn expected
- Aggregate financing CNY 1,040.0 bn vs CNY 1,100.0 bn expected
A larger-than-expected rise in M2 supply. With trade tensions with the US still at large, is China possibly scaling back on tightening credit conditions before it gets too much to bear for the economy?
That is something to consider as well. They have to balance out economic conditions along with economic growth and financial risks among other things when dealing with stuff like this. We'll have to see if the jump here is a one-off or it is in fact an easing of the tightening credit measures.
