[wulfgar]

Will be a bit hard to say until the new January figures are out because Chinese money creation follows a annual cycle with lots created for Chinese new year. But there appears to have been a dramatic slow down of money creation in the last few months.

For example the M0 which is largely currency has a yoy growth rate of 16.7% from Dec 2010, but only 12.0% for Nov 2011.

Quote

Wed Dec 14, 2011 2:24am EST

BEIJING, Dec 14 (Reuters) - Following is a breakdown of China's money
supply for November, the People's Bank of China on Wednesday.
For story, see

Money supply (percent change from a year earlier):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
M2 12.7 12.9 13.0 13.5 14.7 15.9 15.1 15.3 16.6 15.7 17.2 19.7
M1 7.8 8.4 8.9 11.2 11.6 13.1 12.7 12.9 15.0 14.5 13.6 21.2
M0 12.0 11.9 12.7 14.7 14.3 14.4 15.4 14.7 14.8 10.3 42.5 16.7

Yuan loans (in trillions of yuan and percent change from a year earlier):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 54.1 53.5 52.9 52.4 51.9 51.4 50.8 50.2 49.5 48.9 48.4 47.9
Change 15.6 15.8 15.9 16.4 16.6 16.9 17.1 17.5 17.9 17.7 18.5 19.9

New yuan loans (in billions of yuan):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb
Level 556.2 586.8 470.0 548.5 492.6 633.9 551.6 739.6 679.4 535.6

New foreign currency loans (in $ billions):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 41.0 65.0 16.1 5.9 0.1 3.8 13.0 7.5 9.0 5.0 13.0 16.4

Total loans (in trillions of yuan and percent change from a year earlier):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 57.4 56.9 56.2 55.7 55.1 54.7 54.0 53.4 52.6 52.0 51.4 50.9
Change 15.6 15.9 16.0 16.5 16.7 16.8 16.9 17.2 17.6 17.4 18.3 19.7

New yuan deposits (in billions of yuan):
Nov Oct Sep Aug Jul Jun May Apr Mar
Level 324.7 -201.0 730.3 696.2 -668.7 1,910.0 1,110.0 337.7 2,680.0

Yuan deposits (in trillions of yuan and percent change from year earlier):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 79.5 79.2 79.4 78.7 78.0 78.6 76.7 75.6 75.3 72.6 71.2 71.8
Change 13.1 13.6 14.2 15.5 16.3 17.6 17.1 17.3 19.0 17.6 17.3 20.2

Total foreign currency deposits (in $ billions and yearly percent change)
Nov Oct Sep Aug Jul Jun May Apr Mar Feb
Level 266.8 262.6 255.7 256.1 247.7 256.4 239.1 237.9 236.9 228.6
Change 12.9 9.4 9.0 14.5 12.3 17.9 17.1 14.3 9.4 4.5

New foreign currency deposits (in $ billions):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 4.7 7.0 -0.4 8.4 -8.7 17.4 1.1 1.0 8.4 3.5 -0.7 -3.4

Total deposits (in trillions of yuan, percent change from a year earlier):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 81.2 80.9 81.0 80.3 79.6 80.3 78.3 77.2 76.8 74.1 72.7 73.3
Change 13.0 13.4 13.9 15.3 16.1 17.5 17.0 17.1 18.7 17.2 16.9 19.8

Interbank lending rate (percent):
Nov Oct Sep Aug Jul Jun May Apr Mar Feb Jan Dec
Level 3.49 3.75 3.74 3.30 4.44 4.56 2.93 2.16 1.93 2.73 3.70 2.92

Total foreign currency loans (in $bln and percent change yearly):
Sep Aug Jul Jun May Apr Mar Feb Jan
Level 523.9 507.8 502.0 501.8 498.1 485.1 477.5 468.5 463.6
Change 24.4 24.6 23.9 22.2 21.2 17.6 17.2 17.8 19.5

(Compiled by Beijing economics team; Editing by Ken Wills)

[Mr Medved]

http://www.zerohedge...alled-australia




More charts and stats in the link.

[Mr Medved]

Rickards: China’s Slowdown Will Be Worse Than You Think

http://profitimes.co...than-you-think/

[cobran20]

Mr Medved, on 06 January 2012 - 08:03 AM, said:

http://www.zerohedge...alled-australia




More charts and stats in the link.

The Shanghai stock market has been signalling for a while that all is not well in China. Our exports to China will crash at the same high rate as they grew in recent years, You can use Japan 2008 onwards as an example.

[Chimerica]

M1 contracting in China.

A China mega bear story from Ambrose in yesterday's UK Telegraph. Worth a read.

http://www.telegraph...s-in-China.html

Quote

Narrow M1 data for April is the weakest since modern records began. Real M1 deposits – a leading indicator of economic growth six months or so ahead – have contracted since November.

They are shrinking faster that at any time during the 2008-2009 crisis, and faster than in Spain right now, according to Simon Ward at Henderson Global Investors.

If China were a normal country, it would be hurtling into a brick wall. A "hard-landing" later this year would already be baked into the pie.

[Bernard L. Madoff]

Chimerica, on 14 May 2012 - 10:33 AM, said:

M1 contracting in China.

A China mega bear story from Ambrose in yesterday's UK Telegraph. Worth a read.

http://www.telegraph...s-in-China.html

Watch Spot Iron Ore as well...
http://www.bloomberg...te/TSIPIO62:IND

Some more data
http://www.macrobusi...nas-ugly-april/

[fed up]

Not seeing this in HK, all still seems buoyant. Husband's financing bus up 100% over budget this 1st qtr. I'm still bearish longer term.

[Bernard L. Madoff]

fed up, on 14 May 2012 - 02:42 PM, said:

Not seeing this in HK, all still seems buoyant. Husband's financing bus up 100% over budget this 1st qtr. I'm still bearish longer term.

I've always thought the Fragrant Harbour to be well demarked from the mainland peasants trying to be like the the said harbour. The Hang Seng is a vastly different index to the Shanghai Comp.

[fed up]

Yes but so many of the wealthy here have businesses in China.

Husband bus not hk centric.

Of course anecdotal

This post has been edited by fed up: 14 May 2012 - 03:03 PM

[fed up]

Aussie bankers losing jobs but working for European banks mostly.

[Bernard L. Madoff]

The game is only just starting. Latest easing news is just 24hours old
http://www.bloomberg...-growth-1-.html

I see warning signs in all the headlines:
http://www.bloomberg.com/news/china/

I still think the Fragrant Harbour will hold its own.