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China January M2 money supply +12.6% vs +11.6% y/y expected
- Prior +11.8%
- New yuan loans ¥4.9 trillion vs ¥4.0 trillion expected
- Prior ¥1.4 trillion
That's a big jump in new yuan loans to start the new year, with the figure being the highest on record in January. Adding to that, aggregate financing also rose to its highest since January last year as China looks to make good on their promise to bolster credit conditions and prop up the economy.
This article was wri... Read More Posted: Feb 10 2023, 09:07
Author Name: forexlive
Views: 111717