New RMB lending in China in the month of May this year totaled RMB 1.15 trillion, up RMB 40.5 billion year on year, but down RMB 30 billion from April this year, as announced by the People’s Bank of China (PBOC) on June 12.
M2 money suppy in China in May came to RMB 174.31 trillion, up 8.3 percent year on year.
Meanwhile, in May, total social financing in China, a broad measure specific to China of credit extended to the private sector of the economy, was well below expecation at RMB 780 billion, nearly half the figure recorded for April and down RMB 302.3 billion year on year.