WS #15840
China's September social financing data came in below expectations, with total outstanding credit reaching 468.17 trillion yuan. M2 money supply growth slowed to 7.2% year-over-year, missing the Reuters poll estimate of 7.4%. These figures indicate that credit demand remains weak despite government stimulus efforts, raising concerns about the resilience of the Chinese economy and its impact on global commodity demand.
China Economic Slowdown
China's September social financing data came in below expectations, with total outstanding credit reaching 468.17 trillion yuan. M2 money supply growth slowed to 7.2% year-over-year, missing the Reuters poll estimate of 7.4%. These figures indicate that credit demand remains weak despite government stimulus efforts, raising concerns about the resilience of the Chinese economy and its impact on global commodity demand.