China November M2 money supply +10.0% vs +10.1% y/y expected

<ul><li>Prior +10.3%</li><li>New yuan loans ¥1.09 trillion vs ¥1.30 trillion expected</li><li>Prior ¥0.74 billion</li></ul><p>Bank loans in China inched higher in November but is a miss on estimates, as authorities continue to maintain a more accommodative policy in bolstering the economy. The year-to-date total for new yuan loans is at ¥21.58 trillion and that compares to the ¥21.31 trillion for the same period in 2022. It reaffirms that policy remains on the looser side in order to spur recovery conditions for now.</p>

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