🚨 BREAKING: China’s Credit Engine Just Hit Reverse
China’s net new RMB loans fell by roughly $50.4 billion in July, marking only the third monthly contraction this century.
Bank lending is a major indicator of credit demand and broader economic momentum. Even more concerning, the decline was reportedly more than 3× larger than expected.
A rare signal from the world’s second-largest economy — and one global markets should watch closely.
$ZEC is holding the 482.69 support zone after a strong recovery with bullish momentum now pushing around 509.04 If buyers continue to hold this structure the next targets could be 520.00 and 528.97 while 482.69 remains the key support