Best viewed on a device with a bigger screen...
China’s loan prime rates were left unchanged on Wednesday, continuing the PBoC’s passive streak.
Monetary easing would have little effect at the moment, with loan demand falling.
Credit is increasingly being used to plug balance sheets, rather than support productive activity.
This publication is only available to China+ Economic Research (Monitor) subscribers
Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.
bond issuance, credit, government, homebuyers, July, June, liquidity, liquidity injections, loans, local government, local governments, March, May, mlf, MLF rate, monetary policy, mortgage, mortgage lending, pboc, policy, policy rates, real estate, rmb, special bond, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence