- Prior +8.8%
- New yuan loans ¥590.0 billion vs ¥800.0 billion expected
- Prior -¥50.0 billion
New yuan loans continue to underwhelm and that’s a bit concerning, though Beijing is slated to announce a wave of subsidies that will generate trillions in new loans in order to stimulate domestic spending and bolster demand conditions
China August M2 money supply +8.8% vs +8.7% y/y expected