China's total social financing grew at fastest pace in 30 months in August

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Chinese banks extended more new loans in August and broad credit expanded at the fastest pace in 30 months as a surge in government bond issuance and other easing policies continues to support the recovery.

Banks extended 1.28 trillion yuan in new yuan loans, up from July and slightly exceeding analyst expectations, according to data released by the People’s Bank of China (PBOC) on Friday.

That's higher than 1.22 trillion yuan new bank loans expected by analysts in a Reuters poll and up from 992.7 billion yuan in the previous . . .

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