Chinese lending slows faster

Monday, 16 July 2018

There’s no stopping the slowdown in Chinese credit. In June banks extended RMB1840bn but total aggregate financing fell to just RMB1180bn:

The shadow banking share has collapsed:

Year on year new loans eased into the positive but the three month moving average remains down:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

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.