China's Debt Outflow Streak Ends as Loan Issuance Hits Lowest Level Since 2009
TL;DR
Foreign investors poured over $3 billion into Chinese debt in July, marking the first net monthly inflows this year for China. However, the inflows were less than a third of the amount seen in December 2022. In addition, there was a $7.7 billion inflow from non-locals to Chinese stocks, the second-largest monthly inflows in 2023. Overall, emerging markets attracted a total of $32.8 billion in portfolio flows in July, the largest since January, with Asia leading the way in terms of regional inflows.
- China snaps 2023 debt outflow streak as emerging markets shine in July -IIF Reuters
- China Monthly Yuan Loans Fall to Lowest Since 2009 Bloomberg Television
- China New Loans Plunge to 2009 Low in Sign of Weak Recovery Bloomberg
- China posts first debt inflows of 2023, but weak economy set to limit longevity South China Morning Post
- Chinese Banks' Loan Issuance Shrinks, Signaling Weak Credit Demand The Wall Street Journal
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