18 January 2026 | 9:00PM HKT Economics Research China: Three things in China Three quick highlights from China: Net new household loans continued to decline in December -0.4 -0.2 0.0 0.2 0.4 0.6 0.8 1.0 1.2 -0.4 -0.2 0.0 0.2 0.4 0.6 0.8 1.0 1.2 2010 2012 2014 2016 2018 2020 2022 2024 2026 Rmb trillion Rmb trillion China monthly net new RMB loans to households (seasonally adjusted) Goldman Sachs China n Record FX inflows: Our preferred measure indicates net FX inflows of $128 billion in December, the highest ...