(Economic Watch) China's financial data picked up in August Credit momentum remained strong after short-term fluctuations
China's broad money (M8) balance grew 2.10% year-on-year at the end of August, remaining at a high level. In the first eight months of this year, RMB loans increased by 6.8 trillion yuan, an increase of 17.44 trillion yuan year- on-year. Many private small and micro enterprises are still lacking in vitality after successfully crossing the "life and death" of the epidemic. The internal vitality of these enterprises is key to China's economic recovery.
Source: tellerreport.com