ICYMI: New bank lending in China rose less than expected in March ...Middle East

Data from Friday from China showed new bank lending in China rose less than expected in March, although up from February. Broad credit growth hit a record low.Chinese banks new yuan loans in March were 3.09 trillion yuanfrom 1.45 trillion yuan in Februaryexpected was 3.56 trillion yuannew loans were lower than 3.89 billion yuan in March 2023 M2 money supply +8.3% y/yslowest expansion since September 2023expected was +8.7%prior 8.7%Total social financing (a broader metric of credit that also includes nonbank financing) was 4.87 trillion yuanbetter than expected of 4.70 trillion yuanfor the first quarter was 12.93 trillion yuan, down by CNY1.61 trillion from the same period last yearCapital E

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