China credit firms

Tuesday, 14 July 2015

China has released June credit data and it had a better month. Total aggregate financing came in at 1860 billion yuan. There was no split out of bank loans for some reason:

Year on year growth for June was -5.6%:

The rolling annual tells the tale of weakening growth:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.