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In yesterday's Monitor, we suggested that China's monetary policy stance is now easing.
Money and credit data released last weekend suggest that China's demand for credit remains insatiable.
China's M2 growth stabilised in November, at 8.0% year-over-year, matching the October rate.
Chinese monetary conditions show signs of a temporary stabilisation. M2 growth picked up to 9.1% year-over-year in November from 8.8% in October, though largely as a correction for understated growth in recent months.
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