<ul><li>Prior +12.4%</li><li>New yuan loans ¥1.4 trillion vs ¥1.1 trillion expected</li><li>Prior ¥1.2 trillion</li></ul><p style=““ class=“text-align-justify“>The numbers continue to support the narrative that China is aiding the market recovery at least, particularly so after having been crippled by its previous zero-Covid policy. For some context, the new yuan loans issued throughout 2022 is a record, coming in at ¥21.3 trillion. Considering the re-opening, I doubt Chinese authorities will let up until they have a fair sense of confidence that the economy can hold its own.</p>

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