China Macroeconomics & Academia

Christopher Balding

Macroeconomics

<p>One of the ongoing themes we watch closely is the direction of credit growth as that continues to drive the Chinese economy.  This drives a variety of subsectors like commodities, construction, and investment.  With yesterdays credit data release, we believe there are a number of notable issues.</p><ol>
<li>New financing and credit growth in China is down quite significantly. Total social financing year to date is down 16% or 1.5 trillion RMB. </li>
<li>However, as we have noted in previous research, there is a…</li>
</ol>

One of the ongoing themes we watch closely is the direction of credit growth as that continues to drive the Chinese economy.  This drives a variety of subsectors like commodities, construction, and investment.  With yesterdays credit data release, we believe there are a number of notable issues.
New financing and credit growth in China is down quite significantly. Total social financing year to date is down 16% or 1.5 trillion RMB. 
However, as we have noted in previous research, there is a…


China Credit Growth Slows Significantly. What that Means for GDP Growth and Commodities