Chinese credit rebounds but not for long

Thursday, 11 March 2021

Chinese new yuan loans were out last night and managed a little bounce out of the recent declining growth trend. Total social financing was at 1.71tr yuan while banks made 1.36tr of that:

New yuan loan

Thus the non-bank leading share fell to its lowest in a year:

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.