China's September money supply lending data published earlier 14 Oct
- 8.9% prev
- new yuan loans 1.27trln yuan vs 1.1trln exp
- end-Sept yuan lending yy +13.1% vs 13.0% exp
New lending easily beating expectations as the Chinese govt encourage homeowners and companies in a credit-fuelled economic growth to meet targets. A risky strategy given the fine balance needed.
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