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11th Sep 2025 17:47China+Weekly Monitor
  • China’s broad credit growth slowed slightly in August, with seemingly dull private sector credit demand.
  • Rising M1 growth is a probably a sign of funds returning from the bond market.
  • No smoking gun yet in terms of fund leakage into the stock market via unofficial channels.

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Keywords for: 15 September 2025 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence