China Monetary Expansion And Fixed Asset Investments Slowed Down In July
The most broad measure of money supply – M2 rose 17.6% YoY in July vs. 18.5% consensus and 18.5% growth in June. Chinese government reigning in on monetary expansion.
Chart 1. China Monetary Aggregates
Source: Bloomberg
China new loans rose CNY 632.8 billion vs. CNY 603.4 billion in June and CNY 603.4 billion
Chart 2. China New Loans
Source: Bloomberg
China fixed asset investments rose 24.9% in July; the consensus was at 25.3%, June reading was at 25.5%. This is the result in monetary expansion slowing down.
Chart 3. China Fixed Assets Investment
Source: Bloomberg
China Fixed Assets Investment, China Loan Issuance, China Money Supply
