Chinese credit rebounds, PBoC cuts RRR
MacroBusiness Access Subscriber Only Content at 9:00 am on July 12, 2021 | 0 comments China released its June credit data on Friday night and it was better than it has been for much of 2021. New yuan loans arrived at 3.67tr yuan with banks comprising 2.1tr yuan of that: This was the first monthly year-on-year growth in four at a modest 6%: There are 1795 words left in this subscriber-only article. Year-to-date new credit is still down 14.4%, or some $670bn, though the trend stabilised somewhat: Goldman has some detail: Among major TSF components, Rmb loans remained robust. Medium-to-long term...
Source: macrobusiness.com.au