China credit growth slowed in July

Justin had the data posted yesterday here:

New credit creation was at its slowest since February of 2020 in July. July can sometimes be a seasonally weak month after a rush each June when banks increase lending at the end of the second quarter.

The indicated slowdown in aggregate financing in the month is not likely to persist. Stimulus should roll on given to loss of momentum in the economy and the renewed outbreak of delta variant coronavirus, the pace of targeted fiscal & monetary support is likely to be increased. .  

Invest in yourself. See our forex education hub.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2019 Billionaire Club Co LLC. All rights reserved

Loading the chat ...