Latest Chinese credit data for October has been released - 11 November 2019

China M2 11-11
  • Prior +8.4%
  • New yuan loans ¥661.3 bn vs ¥800.0 bn expected
  • Aggregate financing ¥618.9 bn vs ¥950.0 bn expected

Money supply growth holds steady on the month as China continues to maintain a steady balance between deleveraging and allowing for loose credit conditions to support economic growth for almost two years now.