China Money Supply M2 Rose by 8.8% in Jul-25

MACROECONOMY
China Money Supply M2 Rose by 8.8% in Jul-25
China’s M2 money supply grew by 8.8% YoY to CNY 329,940 bn in Jul-25 (vs Jun-25; +8.3% YoY), beating market expectations of +8.2% YoY. M2 reached its second-highest level on record after Jun-25’s CNY 330,332.5 bn. (Trading Economics)



INDUSTRY
Indonesia’s Machinery Industry Grew 18.75% in 2Q25
The ILMATE (Industri logam, mesin, alat transportasi, dan elektronika) sector rose 5.19% YoY in 2Q25, driven by an 18.75% surge in the machinery and equipment sub-sector, its fastest since 2012. Growth was supported by a 30.37% increase in govt. capital spending, boosting production and investment. (Emitennews)


COMPANY
Vale Indonesia (INCO) Secured Approval for 2025 RKAB Bahodopi Block
INCO absorbed USD 224.5 mn capex in 1H25 (40% of the US$540 mn FY25 allocation) for investment and maintenance, including Bahodopi Block preparation. The approved 2025 RKAB allows 2.2 mn wmt saprolite ore sales from Bahodopi, expected to boost 2H25 revenue. (Kontan)