Chinese credit booms anew

Thursday 15 December 2016

From the PBOC overnight comes November Chinese lending with total social financing at 1.74tr yuan, with banks at 794.6bn yuan:

Year on year new loans were 70%:

Shadow banking reform is now something of a running joke as it share of loans leaped to 54.4%:

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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.