China June M2 money supply +8.5% vs +8.6% y/y expected

Author: Justin Low | Category: News

Latest Chinese credit data for May has been released - 12 July 2019

China M2
  • Prior +8.5%
  • New yuan loans ¥1,660.0 bn vs ¥1,700.0 bn expected
  • Aggregate financing ¥2,260.0 bn vs ¥1,900.0 bn expected
ForexLive
Money supply growth in China continues to hold steady between 8-9% over the past year-and-a-half as officials continue to balance between tackling financial risks via deleveraging and maintaining steady economic growth.

The data here suggests that China is still seen keeping pace with deleveraging efforts despite some concerns surrounding the domestic economy.

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