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Essentials Daily Insights

China Credit Surprises To The Upside In June

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Chinese credit data suggest that credit demand rebounded in June. Aggregate financing surged to CNY 5.2tr from CNY 2.8tr in May, significantly above expectations of CNY 4.2tr. Similarly, new loans rose to CNY 2.8tr from CNY 1.9tr. All three measures of…

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