RSS China December M2 money supply +7.3% vs +7.3% y/y expected

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 RSS China December M2 money supply +7.3% vs +7.3% y/y expected

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  • Prior +7.1%
  • New yuan loans ¥990 billion vs ¥800 billion expected
  • Prior ¥580 billion

The total for new yuan loans in 2024 was ¥18.1 trillion and that's far short of the 2023 record of ¥22.8 trillion. That's not too positive a signal as new bank lending appears to be slowing at a crucial time with Beijing trying to revive domestic demand conditions.

This article was written by Justin Low at www.forexlive.com.
 
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