China M2 money supply June yy +9.4% vs +9.5% exp

China's June lending data now out 12 July

  • new yuan loans 1.54trln yuan vs 1.2trln exp
  • end-June yuan lending
  • total social financing 1.78trln yuan
  • end-June outstanding total social financing 166.92trln yuan
  • forex depos $793.1bln vs 779bln prev

China still throwing money into the system.

China lending data eats, shoots and leaves

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