More Printing
China is printing money, like everyone else. Tyler Durden of ZeroHedge writes,
“Here is the summary from the January credit stats:
Total social financing: RMB 5070BN in January, vs. consensus: RMB 4200bn.
New CNY loans: RMB 3340BN in January; consensus: RMB 3100BN.
Outstanding CNY loan growth: 12.1% yoy in January vs December: 12.3% yoy
M2: 8.4% yoy in January vs. consensus: 8.6% yoy, and above December's 8.2% yoy
Putting it in context, the total credit injection of more than 5 trillion yuan, or roughly $725 billion, in one month, was the single biggest on record.”[1]
Read the article.
[1]https://www.zerohedge.com/markets/china-injects-record-5-trillion-new-debt-arrest-economic-crash