China March M2 money supply +12.7% vs +12.7% y/y expected | Forexlive

• Prior +12.9%
• New yuan loans ¥3.9 trillion vs ¥3.2 trillion expected
• Prior ¥1.8 trillion

Amid worries that the economy might not recover as robustly as expected, China is continuing to bolster lending conditions with new yuan loans in Q1 hitting a record total of ¥10.6 trillion. This matches with the central bank’s pledge to support the economy and keep money supply and total social financing growth generally in line with nominal economic growth this year.