Chinese lending data out from the PBOC 14 June
- new yuan loans 1.11trln yuan vs 900bln yuan
- end-May yuan lending 12.9% yy vs 12.8% exp
- end-May forex depos $779bln vs $777.5bln end-April
PBOC says:
- bank lending generally normal in May
- slowdown in M2 growth reflects deleveraging in finance sector
Ho hum.
PBOC reporting a slowdown in lending in May