- Prior +12.7%
- New yuan loans ¥718.8 billion vs ¥1.4 trillion expected
- Prior ¥3.9 trillion
Broad money growth in China is easing slightly as financial conditions are seen to be tightening. And after the surge in new yuan loans in Q1 (which was a record ¥10.6 trillion), we are seeing a bit of moderation to kick start Q2.