Latest Chinese credit data for September has been released - 17 October 2018
- Prior +8.2%
- New yuan loans ¥1,380.0 bn vs ¥1,358.7 bn expected
- Aggregate financing ¥2,210.0 bn vs ¥1,553.5 bn expected
Broad money growth holds at steady levels over the past few months as China is still pushing forward with their deleveraging plans but considering the decline in credit growth seen from 2016 to 2017, 2018 has been holding on relatively steady around current levels.
If we do see further signs of a stall, it will surely raise some questions if China has decided to pause its deleveraging efforts for the time being as the trade war with the US starts to ramp up, so as to not hurt the economy even more.
