Latest credit data released by China - 12 September 2018
- Prior 8.5%
- New yuan loans ¥1,280.0 bn vs ¥1,400.0 bn expected
- Aggregate financing ¥1,520.0 bn vs ¥1,300.0 bn expected
After the slight uptick in July, China is back on the deleveraging horse once again as broad money tightens. That highlights that Chinese authorities are still continuing to pursue further credit tightening to crack down on financial risks despite the potential threat of a trade war with the US hurting the economy a little.
