Latest Chinese credit data for March has been released - 10 April 2020
- Prior +8.8%
- New yuan loans ¥2,850.0 bn vs ¥1,800.0 bn expected
- Q1 aggregate financing ¥11.1 trillion
Money supply growth jumps to its highest level since March 2017 as China eases up on deleveraging efforts to spur the economy via a flood of liquidity measures amid the economic fallout caused by the coronavirus outbreak.
I would expect the trend to stay in the double digits for a while as China keeps their main focus on trying to bolster the economy over the next few months.
