China April M2 money supply +12.4% vs +12.5% y/y expected | Forexlive

• Prior +12.7%
• New yuan loans ¥718.8 billion vs ¥1.4 trillion expected
• Prior ¥3.9 trillion

Broad money growth in China is easing slightly as financial conditions are seen to be tightening. And after the surge in new yuan loans in Q1 (which was a record ¥10.6 trillion), we are seeing a bit of moderation to kick start Q2.