The volume of lending in China in August was lower than expected


According to the People's Bank of China, the volume of new bank lending to the PRC in national currency in August was 1 trillion 280 billion yuan, having decreased from 1 trillion 450 billion yuan in July. Analysts had predicted a figure of 1 trillion 400 billion yuan. At the same time, in August, compared to July, the country experienced a sharp jump in the aggregate amount of financing, which combines banking and off-balance-sheet loans, placement of shares and bonds, to 1 trillion 520 billion yuan, from 1 trillion 42 billion yuan. Experts had expected the figure at the level of 1 trillion 300 billion yuan. The growth of the aggregate of the money supply M2 in annual terms slowed to 8.2% from 8.5% a month earlier.

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