People walk past the headquarters of the Agricultural Bank of China in Beijing. New loans growth in China declined in August. Photo: AFP

China outstanding bank loans fell in August, backing new moves to boost credit to support economy

  • The country’s commercial banks extended 1.21 trillion yuan (US$170.22 billion) of new loans in August, in line with expectations
  • Aggregate financing, the broadest measure of credit support for the real economy, rose to 1.98 trillion yuan (US$278.22 billion) last month, well above expectations
Topic |   China economy

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People walk past the headquarters of the Agricultural Bank of China in Beijing. New loans growth in China declined in August. Photo: AFP
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A slowdown in China’s imports has ramifications for its trading partners in the region. Photo: EPA

China manufacturing imports down sharply on weak economy, trade war impact

  • Increase in liquefied natural gas imports masks extent of drop in manufacturing imports, including components for export goods
  • Bad news for Asian exporters like Japan, South Korea, Taiwan that depend on Chinese demand
Topic |   China economy

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A slowdown in China’s imports has ramifications for its trading partners in the region. Photo: EPA
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