China Tells

China’s M2 money supply continue to grow heftly at 29.74% y-o-y in November 2009, while the new RMB loans only increased 294 Billion RMB in Nov (See Article from Bloomberg). In November M2 grew to 60,878 Billion RMB, continuing the mild growth path. As a sharp contrast, new bank loan in RMB has slowed down significantly since June 09. China’s loan growth reached unprecendented level during the first half of 2009.

中国M2货币供应达到6兆亿人民币，同比增长29.74%。但与此形成鲜明对比的是，新的人民币贷款仅增长了2千9百亿人民币，是今年6月份以来的新低。在中国政府的号召下，09年上半年银行贷款大幅增长，曾经达到每个月1万多亿。