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16th Sep 2024 18:08China+Daily Monitor

  • China’s August headline credit growth was pretty steady, but due only to government-bond issuance...
  • ...Private credit demand looks weak, and on-balance-sheet bill financing was suspiciously large.
  • The PBoC is preparing “incremental policy” measures, likely an RRR cut and structural tools.

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Keywords for: 18 September 2024 China+ Monitor

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