China's total credit in April actually fell for only the third time and by the most ever. Clearly the government is alarmed by that as well as the distinct lack of traction in the real economy (more deflation in producer prices, minimal gains in consumer prices). We'll go over what was just reported, what the government's next government plan is likely to be, and what the market(s) reaction(s) has(have) been. Eurodollar University's Money & Macro AnalysisNYT Biden Looks to Thwart Surge of Chinese Importshttps://www.nytimes.com/2024/05/08/us/politics/biden-china-imports.htmlWSJ China Hints at New Growth Push as it Warns of Rising Uncertaintieshttps://www.wsj.com/world/china/china-calls-long-delayed-policy-meeting-warning-of-rising-uncertainties-032fb571https://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU