China’s aggregate social financing — the total amount of financing to the real economy — stood at 21.9 trillion yuan ($3.09 trillion) during the January-August period, down 3.32 trillion yuan compared with the same period of last year, official data showed.
The People’s Bank of China, the country’s central bank, said on Friday that China’s outstanding aggregate social financing came in at 398.56 trillion yuan as of the end of August, up 8.1 percent year-on-year, compared with 8.2 percent by the end of July.
The broad money supply, or M2, stood at 305.05 trillion yuan as of the end of August, up 6.3 percent year-on-year as in July.
The PBOC also stated that yuan-denominated loans increased by 14.43 trillion yuan in the January-August period, compared with 13.53 trillion yuan during the January-July period.