Monetary Expansion In China Continues In January, But At A Slower Pace

(For January 2011)

The most broad measure of money supply – M2 rose 17.2% y-o-y in January vs. 19.0% consensus and 19.7% rise in December.

Chinese banks issued CNY 1,040.0 billion of new loans in January vs. CNY 480.7 billion in December and consensus of CNY 1,200.0 billion. The government has not provided a target for this year, so we will have to wait for a couple months to gain an insight how high it could be this year.


This entry was posted on Tuesday, February 15th, 2011 at 4:56 am and is filed under China. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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