China November Money Supply & Credit
9th December, 2020 10:59 am Chinese credit growth rebounded after the weaker October numbers. Yuan loans came in at CHY1,430bn while total social financing hit CNY2,130bn. Money supply also ticked up a touch, M3 at 10.7% from 10.5%. Although outstanding loan growth eased a touch to 12.8% from 12.9% the monthly rise in TSF still exceeds the increase we saw last year, maintaining the leveraging trend we’ve seen since Covid hit. Indeed, ytd overall debt measured by the data has risen by 26% of GDP to 280%.
Subscribe now to see the full article
Independent Strategy research services are available by annual subscription.
For details of subscription rates and soft-dollar payments please contact:
John Armstrong or Guido Manca
Tel: +44 (0) 20 7730 4965
Fax: +44 (0) 20 7730 7963
Email: main@instrategy.com
To make a request for subscription please use the form below.