Chinese money supply and lending data now released by the PBOC 13 May 2016
- +13.4% prev
- new yuan loans +555bln vs +900bln exp vs 1370 bln prev
- +14.4% yy
- end-April FX deposits +$666.8 bln vs +$666.0 bln prev
- total social financing was up +13.1% yy
A big miss on expectations and previous reading. Banks shoring up defences or lack of demand? Jury remains out.
