July credit data still in the dumps
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
China’s July credit print was once again terrible.
Per central bank (PBoC) data, published Tuesday:
Outstanding Total Social Financing (TSF) grew 8.2% y/y last month – just beating June’s worst-ever-print of 8.1%.
Outstanding RMB-denominated loans grew by 8.3% y/y – the same rate as the previous mo...