China September M2 money supply +10.3% vs +10.7% y/y expected

  • Latest Chinese credit data for September 2023 has been released
  • Prior +10.6%
  • New yuan loans ¥2.31 trillion vs ¥2.50 trillion expected
  • Prior ¥1.36 trillion

That's a notable jump in new loans, even if it comes in lower than estimated. Broad money growth continues to ease further and will be something that Beijing has to be mindful about as the economy slows going into next year.

Top Brokers

Sponsored

General Risk Warning