China January M2 money supply +9.8% vs +9.2% y/y expected

Prior +9.0%New yuan loans ¥3.98 trillion vs ¥3.69 trillion expectedPrior ¥1.13 trillionBroad money growth continues to keep higher as China is ensuring that the economy holding more stable despite deleveraging efforts and its focus shift towards 'common prosperity'. New yuan loans surged last month