There is social financing data to come from China, most likely on the 15th but it could be today
So just a heads up.
August new yuan loans (CNY figures)
- expected is 750bn, prior was 463.6bn
Aggregate financing for August,
- expected is 900bn, prior was 487.9bn
Money supply M0 for August y/y:
- expected +7.3%, prior was +7.2%
Money supply M1 y/y
- expected is +24%, prior was +25.4%
Money supply M2 y/y
- expected is +10.5%, prior was +10.2%
The point about this data is that the New Yuan Loans and Aggregate (social) Financing give an idea on credit availability in China. This has been on the increase, the concerns centre on much of it going to into the property market, although as I posted earlier there seems to have been some it flowing into the economy and contributing to the rebound.
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Note; Chinese markets with be closed later this week, on the 15th, 16th and 17th for national holidays.