China May M2 money supply +7.9% vs +8.1% y/y expected

• Prior +8.0%
• New yuan loans ¥620.0 billion vs ¥850.0 billion expected
• Prior ¥280.0 billion

New bank loans in China continue to moderate after the surge in Q1, which was largely due to policymakers ramping up stimulus in anticipation of a trade war with the US.

This article was written by Justin Low at www.forexlive.com.