Data from China ICYMI late last week, once again showing that Chinese lenders tend to front-load loans at the beginning of the year.Banks extended 4.92 trillion yuan in new yuan loans in January, a record high (the previous record was 4.9 trillion yuan in January 2023)more that 4 times the December figure of 1.17 trillion and exceeded the previous record of 4.9 trillion yuan in the same month a year earlierexpected was 4.50 trillion yuanOther data:Household loans, mostly mortgages, were 980.1 billion yuan in January from 222.1 billion yuan in DecemberCorporate loans 3.86 trillion yuan from 891.6 billion yuan priorBroad M2 money supply in January grew 8.7% y/y, the lowest since November 2021O
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