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The author is Nomura economist Zhang Zhiwei China's M2 growth rebounded to 13.2% year-on-year in April, up from 12.1% in March, higher than the market expectation of 12.2％. It is partly due to favorable base effects as the M2 level unusually fell from March to April last year. Total social financing fell to RMB1.55 trillion […]
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