Advertisement
Chinese credit issuance accelerated in August after four months of declines. Total social financing came in at 1.47tr yuan of which bank loans constituted 948bn, dominated by mortgages:
New yuan loans year on year jumped to 36% growth:
Advertisement
Shadow banking was let off the leach a little:
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
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.
Advertisement