I had been expecting data from China:
- July new yuan loans, expected 1275bn, prior was 1840n
- Money supply M0 y/y: expected 4.3%, prior was 3.9%
- Money supply M1 y/y: expected 6.6%, prior was 6.6%
- Money supply M2 y/y: expected 8.2%, prior was 8.0%
- Total aggregate financing: expected is 1100bn, prior was 1181.6bn
Reuters is reporting the new yuan loans but nothing else on this
- July New yuan loans in at 1.45 tln yuan
- higher than forecast, but down on June
The beat for new yuan loans comes amid efforts from China to keep the supply of liquidity up, even while efforts toward deleveraging continue. A tightrope ….
Data comes via the China Banking and Insurance Regulatory Commission
