The growth of M2, a broad measure of....>

CHINA PRESS: The growth of M2, a broad measure of money supply, is expected to

fall to around 9% in 2018 in China, and the growth of credit will also slow, as

the authorities try to tackle debt risk and curb asset bubbles, the 21st Century

Business Herald reported Thursday, citing analysts and economists. Growth in M2

has eased this year as a result of deleveraging in the financial sector. New

regulations for the wealth management sector will keep biting, so off-balance

sheet instruments and interbank business will continue to decelerate, making

double-digital growth in M2 next year hard to envision. The pace of corporate

loans is expected to remain stable considering that the authorities are

enhancing the financial sector's support of the real economy and that lending

costs are rising at a slower pace. But household credit will be under downward

pressure because of restrictions on mortgage loans and other controls on the

property market. (21st Century Business Herald)