Latest Chinese credit data for June has been released - 10 July 2020
- Prior +11.1%
- New yuan loans ¥1,810.0 bn vs ¥1,800.0 bn expected
- Aggregate financing ¥3,430.0 bn vs ¥3,050.0 bn expected
Broad money growth stays at elevated levels, with credit growth picking up further in June in a sign that the government's easing measures are starting to have a more encouraging impact on credit to businesses.
If anything else, we can expect this gradual trend to continue in 2H 2020 as China looks to get the economy back on its feet following the fallout from the virus outbreak.
