Latest Chinese credit data for October has been released - 13 November 2018
- Prior +8.3%
- New yuan loans ¥697.0 bn vs ¥904.5 bn expected
- Aggregate financing ¥728.8 bn vs ¥1,300.0 bn expected
Broad money growth is the lowest since June but has been holding near the +8.0% y/y level for the past few months. That's suggestive that China is still pursuing its deleveraging measures and tightening credit but not as much as they have done over the course of the past few years.
With global trade tensions weighing on economic growth, this is something they need to balance out as well and can't move forward too aggressively.
