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China November M2 money supply +10.7% vs +10.5% y/y expected

China November M2 money supply +10.7% vs +10.5% y/y expected

News
Justin Low
09/12/2020 | 08:26 GMT

Latest Chinese credit data for October has been released - 9 December 2020

  • New yuan loans ¥1,430.0 bn vs ¥1,450.0 bn expected
  • Aggregate financing ¥2130.0 bn vs ¥2,075.0 bn expected

Broad money growth increased slightly last month but nothing that is too different from what has been reported in recent months. All of this just reaffirms that China is still maintaining a healthy supply of credit to bolster the economy recovery.

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