China New Loan Issuance Slows Down In April; Rate Of Money Supply High

(For April 2012)

The most broad measure of money supply – M2 rose 17.5% y-o-y in April vs. 18.1% rise in March.

Chinese banks issued CNY 682 billion of new loans in April vs. CNY 1,010 billion in March and consensus of CNY 780 billion. New loan issuance first four months this year is 4.9% higher than in first four months 2011.

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