The right takeaway from the January credit data
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
Everybody is misinterpreting China’s January lending numbers, which came out Monday afternooon. Everyone has focused onnew RMB loans, which came in at a record high of RMB 2.9 trillion – up from just RMB 584 billion in December and shattering market expectations of RMB 2 trillion. Even Xin...