2019-10-15

Money Supply Growth Still Slowing

Although the year-on-year comparables were positive, lifting yoy M2 growth from 8.2 percent to 8.4 percent. The rolling 3-month growth rate shows the most recent quarter is slower than last year at 6.6 percent versus 7.3 percent one year ago.
Total social financing increased 11 percent. Closer to 10 percent or below is where the economy runs into trouble.

Reuters: China September new bank loans beat expectations, more easing seen
Official reserves were steady in September., as they have been for months.

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