Chinese bank lending surged in August after declining sharply a month ago, while money supply growth slowed from last year, data published by the People's Bank of China showed Friday.
Banks lent CNY 702.5 billion in August, which was much larger than July's CNY 385.2 billion lending.
Social aggregate financing, a broad measure of credit, totaled CNY 957.4 billion in August, versus CNY 273.1 billion a month ago. Nonetheless, it remained above the expected level of CNY 1.13 trillion.
The broad measure of money supply, M2, grew 12.8 percent year-on-year in August, while economists expected the annual rate to remain unchanged at 13.5 percent. The narrow measure M1 climbed 5.7 percent, slower than expectations of 6.8 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.