Credit Shrinkage Of Residents And Private Enterprises Further Curbs Demand In China – Analysis

By Wei Hongxu*

The latest data released by the People’s Bank of China (PBoC) shows that at the end of October, the balance of broad money (M2) was RMB 261.29 trillion, an increase of 11.8% year-on-year. The growth rate was 0.3 percentage points lower than the end of the previous month and 3.1 percentage points higher than...