The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
China Center Data Flash: “Prudent” monetary policy so far ineffective

Data Flash is a brief interpretive summary of China’s official monthly economic data release.

Credit growth came in worryingly strong in January, despite the lowest monthly expansion of outstanding bank deposits on record. This development highlights the relative ineffectiveness so far of the PBoC’s efforts to subdue nonbank credit creation (in particular) and suggests that deleveraging will be neither easy nor painless. Beyond the monetary numbers, January’s data releases have been relatively uninspiring, due in part to the fact that the NBS foregoes January releases for many data points in favor of releasing combined January-February data in March to avoid the seasonal distortions caused by the Chinese New Year (CNY) holiday.

China Center Publications (5 pgs)
Members: Sign in to see if this product is complimentary with your membership.
Non-members: Not available
(Email us to learn more about membership