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BEIJING (MNI) - China's aggregate financing to the economy surged to
CNY1.75 trillion in November, almost three times October's level and beating
market consensus of CNY1.5 trillion, data released by the People's Bank of China
on Tuesday show.
Here are other quick takeaways:
- M2 rose 8.2% y/y, slowing from 8.4% in October, and below the 8.4%
forecast by most economists.
- New loans totalled CNY1.39 trillion, more than the projected CNY1.2
trillion and doubling October's CNY661.3 billion.
- Shadow banking transactions shrank by CNY106.1 billion, compared to
October's decline of CNY234.4 billion. Entrusted and trust loans shrank by
CNY95.9 billion and CNY67.3 billion respectively, while undiscounted bankers'
acceptances expanded by CNY57.1 billion.
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