China's credit growth and money supply were accelerating at a faster than anticipated pace in June, reflecting Beijing's efforts to stimulate the economy and hit its 7.5 per cent growth target.
Aggregate financing, the broadest measure of Chinese credit available (including "shadow banking"), expanded by 41 per cent from a month earlier, far exceeding expectations and hitting its highest since March.
Aggregate financing totalled Rmb1.97tn ($320bn) in June, versus Rmb1.40tn in May. Economists were only estimating a small gain to Rmb1.43tn.
您已閱讀41%(542字),剩餘59%(771字)包含更多重要資訊,訂閱以繼續探索完整內容,並享受更多專屬服務。