China released September credit last night and needless to say it undershot, “surprising” apparently everybody but MB. Total new yuan loans were 3.03tr yuan with banks making up 1.66tr of that: Year on year growth fell 16% and the 3MMA dropped further to -23%: M2 was stable at 8.3% The rolling annual mountain continues to
The post Chinese credit drains away as Beijing pops property bubble appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]