WS #15839
China's total social financing for September came in at 468.17 trillion yuan, slightly below the Reuters poll consensus, while M2 money supply growth slowed to 7.2% year-over-year. These figures suggest that domestic credit expansion is not keeping pace with economic targets, raising concerns about the strength of Chinese consumer demand. This development may dampen outlooks for global industrial commodity prices and multinational corporations with significant exposure to the Chinese market.
China Macro Data Disappointment
China's total social financing for September came in at 468.17 trillion yuan, slightly below the Reuters poll consensus, while M2 money supply growth slowed to 7.2% year-over-year. These figures suggest that domestic credit expansion is not keeping pace with economic targets, raising concerns about the strength of Chinese consumer demand. This development may dampen outlooks for global industrial commodity prices and multinational corporations with significant exposure to the Chinese market.