Posts Tagged China Loan Issuance
China Monetary Expansion And Fixed Asset Investments Slowed Down In July
Posted by Belisarius in China on August 11, 2010
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 New Loan Issuance Edges Lower In June
Posted by Belisarius in China on July 12, 2010
China new loan issuance for June was at 603 CNY billion. In May the issuance was at 639.4 CNY billion.
Chart 1. China New Loans
Source: Bloomberg
China Monetary Expansion Continues In May
Posted by Belisarius in China on June 11, 2010
All of China monetary aggregates rose in May: M0 was up 15.3%; M1 was up 29.9%; M2 was up 21.0%. New loan issuance was also strong (up 21.5% YoY).
If they don’t tighten fast, they will miss the opportunity…and the bubble bursts in an ugly way.
Chart 1. China Monetary Aggregates
Source: Bloomberg
Chart 2. China New Loans
Source: Bloomberg
China GraphFest May 11, 2010
Posted by Belisarius in China on May 11, 2010
As usual all the data from China cones at the same time. So, let’s start. In short: China trade balance for April was marginally positive, but in my opinion the China ability to run large trade surplussed is lost and will not return in short term. Implications are diverse, maybe most important the quantity of USD needed to be recycled via. U.S. government debt investments will cease to grow. Also, China cannot continue to import commodities at prices this high in long term. We can see an import price inflation mostly on commodity pride rises and export price deflation. Either prices will come down, either China will import less, or both.
China Inflation Accelerates in February
Posted by Belisarius in China on March 11, 2010
China consumer prices rose 2.7% in February vs. consensus of 2.5% and 1.5% in January. In the same time China producer prices rose 5.4% vs. consensus of 5.1% and 4.3% in January. This obviously is starting to represent a problem for The Peoples Bank of China as CPI this high brings real interest rates to negative -0.5%. Your author believes that a rate rise is imminent which is negative for equity and commodities sector.
Chart 1. Consumer Price Index & Producer Price Index
Source: Bloomberg
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