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China's new loans and aggregate financing are likely to rise in Q4, as fiscal spending and the sale of local government special bonds accelerate while reboudning consumption drives credit demand, reported citing analysts. New loans slowed significantly in September due to the contraction of medium and long-term lending to residents and businesses amid cooling housing market as well as rising producer costs, the newspaper said. Analysts are divided on the necessity of an RRR cut in Q4, with some calling for a 0.5 pp cut to stabilize credit growth, while others arguing further easing will dilute the policy goal of stabilizing the macro-leverage ratio and supporting the real economy, the newspaper said.