China: Credit indicators point to tighter monetary conditions

New yuan loans totalled CNY 506 billion (USD 83 billion) in October, which was well below the CNY 787 billion recorded in the previous month and marks the lowest level in 10 months. The print undershot market expectations of loans totalling CNY 580 billion. In the 12 months up to October, new yuan loans totalled CNY 8.75 trillion (September: CNY 8.75 trillion).

Read more about Chinese Money.

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