AI Data Insight
In Q3 2026, China's M1 MoM growth halted its decline and stabilized, rebounding significantly from the previous -2.545% to 0.2701%, implying a temporary pause in the contraction of corporate demand funds. Despite this, new RMB loans during the same period unexpectedly recorded negative growth, indicating that real financing demand remains weak, as the market focuses on further interest rate cuts and fiscal stimulus.