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13th Feb 2025 20:03China+Weekly Monitor

  • China’s January total social financing growth was propped up by strong government-bond issuance.
  • But slowing long-term household loans and developer sales mean more property support is needed.
  • The PBoC is probably saving big moves such as rate or RRR cuts to mitigate likely escalating trade tensions.

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Keywords for: 17 February 2025 China+ Monitor

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