PBOC advisor says impact of financial deleveraging has started transmitting into real economy - ConsultFX

PBOC advisor says impact of financial deleveraging has started transmitting into real economy

According to Chinese state media, citing a central bank advisor When it comes to deleveraging and China's credit tightening, the M2 money supply is go-to indicator for me. It has been on a constant downtrend since 2016 and I've put in the 12-month average alongside it to highlight the continuous decline: