China Credit Growth Expanded in August as Rate Cuts Kick In

Updated on
  • Aggregate financing increased to 1.08 trillion yuan for period
  • New yuan loans decreased to 809.6 billion yuan in month

Easing Concern of Derailed Global Growth

China’s broadest measure of new credit increased in August, suggesting demand for loans is holding up after renewed rounds of monetary easing that followed the stock-market debacle of the past three months.

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