Feb 14, 2013
Forex Flash: Chinese credit boom could roil AUD – UBS
Credit growth in China, measured by total social financing, came in at a whopping CNY2.54 trillion during the final month of the year, a new record. Even taking seasonal effects into consideration (analyzing January data in China is often more art than science), the general consensus is that the figure is extraordinarily high. As much of Asia returns from the Lunar New Year holidays, investors will be dissecting the data and more importantly, try to figure out where the money went/will go in the coming months and whether this marks a beginning of a new credit boom.
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