Money supply growth fell late Yesterday the central bank data released at the end of 2013 M2 balance of 110.65 trillion yuan , an increase of 13.6% , lower than in 2012 by 0.2 percentage points . In the government work report at the beginning of 2013 , the expected growth of M2 intended target was about 13%. However Shengsong Cheng believes that the broad money supply (M2) is controlled within 14% of new yuan loans in nine trillion yuan less than the control , the scale of social financing was 17.3 trillion yuan or less , You could say basically met the requirements of regulatory objectives . Zhu Haibin , chief China economist at JP Morgan pointed out that if a monthly look , M2 growth rate is declining, December M2 growth ( YoY ) down to 13.6% , after November was 14.2 %. In addition, according to the annual data to calculate the central bank disclosed , in December 2013 was 482.5 billion yuan of new loans , also below market expectations. Full-year RMB loans increased 8.89 trillion yuan , an increase of 687.9 billion yuan . Zhu Haibin believes in December fell M2 and credit growth in 2014 confirms the central bank will continue to gradually withdraw the credit easing . Whereby the central bank JP Morgan believes 2014 could not adjust interest rates and deposit reserve ratio .
Posted on: Thu, 16 Jan 2014 03:44:58 +0000
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