MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

CHINA YTD NEW LOANS CNY17.1 TRLN VS MEDIAN CNY17.5 TRLN: PBOC

MNI China Daily Summary: Friday, December 13

MNI BRIEF: PBOC To Curb Any Yuan Overshot : PBOC Zou

MNI: EUROZONE OCT IP +0% M/M, -1.2% Y/Y

MNI: SPAIN NOV HICP +0% M/M, +2.4% Y/Y

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: China July M1 Hits Record Low On Weak Demand

MNI (BEIJING) - China's M1 money supply contracted for a fourth consecutive month in July, falling by 6.6% y/y to a record low, as company investment and consumer spending continued to weaken amid a property downturn, People's Bank of China data showed on Tuesday.

Growth in the M2 measure quickened to 6.3%, after decelerating for 18 months, rising from June’s 6.2% growth and beating the 6.0% forecast. 

Banks extended CNY260 billion in new loans in July, declining from June’s CNY2.13 trillion. Total social financing rose by CNY770 billion, falling from growth of CNY3.3 trillion in June. Shadow banking transactions decreased by CNY75.7 billion, compared to a CNY130.1 billion contraction the previous month. 

Advisors told MNI Beijing could issue consumer coupons or take other measures in H2 that offer subsidies to lower-income households to ensure the economy meets its “around 5%” growth target. (See MNI EM: Beijing Shifts Focus To Consumption To Boost H2 GDP)

Policy NewsAPACChinaEM Policy NewsEM BriefEM Central Bank NewsPeoples Bank of ChinaBriefGlobalStoryRegion

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.