The same thing has happened with money supply in January.
Reuters: China Jan new loans surge to record 2.9 trln yuan, blow past forecasts
Jan M2 money supply up 8.6 pct y/y, vs f‘cast 8.4 pctNope.
Here's money supply from 2017:
The PBoC says January M2 was 172.08 trillion. That's up 9.2 percent from January 2017. The 3-month growth rate in M2 is 17.1 percent.
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