Societe Generale said housing starts and property sales acted as a drag on the mainland economy, which remained lacklustre across the board.

The mainland's M2 money supply growth eased to the second-lowest pace in August since the first quarter of 2012, according to Societe Generale, falling to 12.8 per cent year on year from 13.5 per cent in July.


Societe Generale says capital expenditure spending intentions appear to be picking up across the board in the United States, according to the National Federation of Independent Business small business survey.

Apparently, there is a big question about the solution to the 12.7 trillion yuan (HK$15.98 trillion) debt already owed by the mainland's cities, counties and villages, since only provincial governments are to be given formal access to the debt market.

Related Topic
Chart Book