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12th Aug 2024 18:00China+Daily Monitor

  • China's total social financing growth ticked up in July, but credit demand remained very weak.
  • Net new loans fell for first time in 19 years, with notable weakness in household and business lending.
  • The PBoC are trying hard to raise long-term bond yields, but we will wait to see if that can be sustained.

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Keywords for: 14 August 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence