Chinese M2 Growth Slows to 9.6pc YoY in May, TSF Deleveraging

Chinese M2 growth slowed to 9.6 percent yoy in May. Growth last slowed to 9.6 percent in April 2015 before rebounding as credit eased, peaking at 14 percent in January 2016.

Reuters: China May new yuan loans 1.11 trln yuan, more than expected

Total social financing increased more than $1 trillion, more than 100 percent was new loans.

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