-
China’s credit activity remained weak in July
New aggregate financing slowed to RMB 770.8bn in July. This brings the year-to-date new increase of aggregate financing to RMB 18.87tn, which represents a 14.6% year-on-year decline. Subcategories of aggregate financing were mixed on the month. In general, loan activity was weak in July. New RMB loans fell into contraction at RMB 770.8bn, lowering the year-to-date new increase of RMB loans to RMB 12.38tn, a 20.9% YoY decline. Foreign currency loans were also weak in July, falling RMB 88.9bn to bring the year-to-date level to a decrease of RMB 97bn. Other categories of financing fared a little better on the month. ... (full story)
- Comments
- Subscribe
-
- Older Stories
From schwab.com|Aug 13, 2024It's almost axiomatic that U.S. shoppers, weary of inflation, have lost some of their enthusiasm and pulled back on spending. That was certainly the case last quarter, but ...
From youtube.com/cmegroup|Aug 13, 2024New UK jobs data supports GBP this week. Dan Deming has more information.
From bnnbloomberg.ca|Aug 13, 2024Federal Reserve Bank of Atlanta President Raphael Bostic said he’s looking for “a little more data” before supporting a reduction in interest rates, emphasizing he wants to be ...
-
- Newer Stories
From channelnewsasia.com|Aug 13, 2024A look at the day ahead in Asian markets. Markets have bounced back nicely from the recent volatility, and it's becoming clearer each day that the recent turbulence was likely due ...
From axios.com|Aug 13, 2024Consumers fell behind on debt payments as pandemic-era wealth disappeared, leaving some households in worse financial shape as the economy slows. • That's the takeaway from a new ...
From rnz.co.nz|Aug 13, 2024Expectations are building that the Reserve Bank will cut the official cash rate on Wednesday for the first time in more than four years. Wholesale interest rates have been falling ...
- Story Stats
- Posted: Aug 13, 2024 7:00pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,120
- Linked events:
