Chinese credit booms on (or does it?)

Wednesday, 16 August 2017

China’s July credit numbers were out and show ongoing strength with Total Social Financing at $1.22tr yuan and bank lending only 826bn of that:

Shadow banking rebounded after a few months of downtrend:

Year on year financing jumped after a weak July 2016:

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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.