Chinese credit keeps on slowing

Tuesday, 14 November 2017

Chinese October credit is out and the slowdown continues. New yuan loans came in at 1.04tr yuan with banks making up 663.2bn of that:

The shadow banking share remains around one third:

October is usually a slower month and was up 16% year on year but the three month moving average for same is down to a measly 7.5%:

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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.