China’s November bank loans miss

Wednesday 12 December 2012

China’ muted bounce continues today in November bank lending figures that missed estimates by a wide margin. Total bank loans came in at 522 billion yuan versus the 555 billion expected:

M1 and M2 also decelerated, though M3 held up:

Chinese data has been uniformly sluggish in this recovery to date. One wonder just how much acceleration there is in store the first half of next year.

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.