China New Loan Issuance Slows Down In May; Rate Of Money Supply Growth Eases

June 13th, 2011 by Belisarius

(For May 2011)

The most broad measure of money supply – M2 rose 15.1% y-o-y in May vs. 15.5% consensus and 15.3% rise in April.

Chinese banks issued CNY 552 billion of new loans in May vs. CNY 740 billion in April and consensus of CNY 650 billion. New loan issuance January-May is 11.7% lower than in 2010.

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