Chinese lending sends clarion warning to Aussie housing

Thursday 12 March 2020

Chinese credit was out last night and sent a clarion warning to Australia. Total social financing was just 855bn while bank loans were 906bn:

Shadowe banking went into reverse:

The rolling average for new loans stalled:

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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.