ICYMI – China June new bank loans jump more than expected in the latest data

<p>Chinese banks doled out 3.05 trillion yuan (circa USD 420bn) in new yuan loans in June. This was more than double the May total and well above analyst central expectations. </p><p>Justin had the run down here:</p><ul><li><a href="https://www.forexlive.com/news/china-june-m2-money-supply-113-vs-112-yy-expected-20230711/" target="_blank" rel="follow" data-article-link="true">China June M2 money supply +11.3% vs +11.2% y/y expected</a></li></ul><p>Strong growth in credit will be welcomed as a supportive measure for the languishing property sector. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.