China’s Credit Growth Jumps in August in Boost for Recovery

China’s credit growth rebounded to the highest since March, as a surge in government bond issuance and other easing policies continues to take effect and support the recovery.

Aggregate financing was 3.58 trillion yuan ($524 billion) in August, the People’s Bank of China said Friday. That compares to 1.7 trillion yuan in July and the median estimate of 2.59 trillion yuan. August usually sees an increase in credit compared to July.