Chinese credit remains soft

Not disastrous but still soft for sure. Chinese new yuan loans were out for September with bank loans at 1.68tr yuan and total social financing at 2.27tr yuan:

The shadow banking share continues to slowly bleed lower:

Three month moving average loan growth fell sharply to 10%:

The rolling annual stalled:

M2 lifted a little to 8.4%:

And the money chart, TSF plus bonds, is going absolutely nowhere:

Growth is going to slowly fade away on these numbers.

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