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China’s Credit Growth Shrank Again in May: What Does It Mean?

Annie Gilroy
China’s Credit Growth Shrank Again in May: What Does It Mean?

Can Iron Ore Prices Break Their Trading Range and Rise in H2 2018? Aggregate financing in China (MCHI), which reflects the total funds provided by a financial system to its non-financial sectors and households, slumped significantly in May compared to the previous month. The financing stood at 761 billion yuan in May, from ~1.56 trillion yuan in April.