M2 Growth Still in Downtrend

June M2 increased 1.97 percent, down from the 1.99 percent increase in June 2015. Three-month annualized growth of 12.7 percent is the third slowest month of 2016.

Reuters: China June new yuan loans rise to 1.38 trn yuan, beating forecasts. This number is down from June 2015.

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