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China November M2 money supply +12.4% vs +11.7% y/y expected
- Prior +11.8%
- New yuan loans ¥1.21 trillion vs ¥1.35 trillion expected
- Prior ¥0.61 trillion
The increase in new yuan loans is a welcome development as we look towards a broad-scale re-opening of business activity in China. Overall, broad money conditions are still holding up - pointing to the continued support by the government in aiding the market recovery.
This article was written by Justin Low at www.f... Read More Posted: Dec 12 2022, 08:19
Author Name: forexlive
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