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Chinese credit rebounds after July slump

Chinese credit creation has rebounded, following a slump in July that led analysts to believe the Beijing government was fighting against the rapid build up of debt in the highly leveraged economy .

Aggregate financing, a broad measure of credit in China that includes bank loans as well as the lightly regulated trust products funded by retail investors, was Rmb957.4bn in August.

This was below analysts' expectations, but also much higher than the Rmb273bn figure recorded in July, which was the lowest since October 2008.

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