China June M2 money supply +8.6% vs +8.2% y/y expected
Latest Chinese credit data for June has been released - 9 July 2021
Broad money growth came in a little above expectations with new yuan loans coming in at a beat, underscoring that China is still trying to maintain the recovery pace in the economy, though they are trying to balance that out against credit risks still.
- Prior +8.3%
- New yuan loans ¥2.1 trillion vs ¥1.8 trillion expected