Chinese money supply/lending data out a short while ago 15 Sept
- total social lending 1.48trln yuan
- new yuan loans 1.09trln yuan vs 900bln exp
- end-Aug yuan lending yy +13.2% vs 13.0% exp
- end-Aug fx depos $787.6bln vs $794.6bln prev
Softer M2 vs expectations but stronger total yuan lending.
M2 money supply down on expectations but small beer
