China June M2 money supply +11.3% vs +11.2% y/y expected

<ul><li>Prior +11.6%</li><li>New yuan loans ¥3.05 trillion vs ¥2.34 trillion expected</li><li>Prior ¥1.36 trillion</li></ul><p>Broad money growth continues to slow further in China as the government continues to have to balance out tightening credit conditions and providing more stimulus. New loans for the month beat estimates handily and that's a big boost towards the end of Q2, signifying that Beijing is certainly pushing to revive economic activity across the country.</p>

This article was written by Justin Low at www.forexlive.com.