China in controlled slowdown as credit eases

Monday 15 May 2017

Chinese credit was out late Friday night and the news was mixed. New yuan loans via banks came in at 1100bn yuan and shadow banks added 290bn yuan:

Year on year for April jumped up to 85% growth:

Shadow banking fell to 20% of new loans as regulators tighten:

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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.