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What China’s Credit Growth Indicators Mean for Iron Ore Prices

Annie Gilroy
What China’s Credit Growth Indicators Mean for Iron Ore Prices

Aggregate financing in China (MCHI), which reflects the total funds provided by a financial system to its nonfinancial sectors and households, stood at ~1.56 trillion yuan in April, beating the estimate of 1.35 trillion yuan and the upwardly revised March figure of 1.33 trillion yuan.