China August new yuan loans rise to 1.09 trln yuan, beat forecasts

Chinese banks extended 1.09 trillion yuan ($166.46 billion) in net new yuan loans in August, well above analysts’ expectations. Analysts polled by Reuters had predicted new yuan loans of 900 billion yuan, up from 825.5 billion yuan in July. Broad M2 money supply (M2) grew 8.9 percent in August...
China August new yuan loans rise to 1.09 trln yuan, beat forecasts