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REPEAT: China July Lending Lowest This Year; M2 Slows Further

Repeats Story Initially Transmitted at 08:44 GMT Aug 15/04:44 EST Aug 15
     BEIJING (MNI) - The People's Bank of China announced on Tuesday its latest
money supply and bank lending data:
     * July new loan issuance totaled CNY825.5 billion, lower than the CNY1.54
trillion in June but higher than MNI market survey median expectations for
CNY800 billion. New loan growth was the lowest since November last year. 
     * Total social financing -- a gauge of total credit and liquidity -- slowed
to CNY1.22 trillion in July, down from CNY1.78 trillion in June but higher than
the MNI median forecast of CNY1.075 trillion.  
     * M2 money supply grew 9.2% year-on-year to CNY162.9 trillion, a new record
low growth rate, compared with the 9.4% growth rate in June.  Analysts had
expected M2 growth to tick up to 9.5%, according to the MNI survey median. 
     * M1 money supply rose 15.3% year-on-year to CNY51.05 trillion, compared
with 15.0% growth in June. M0 rose 6.1% year-on-year to CNY6.71 trillion,
compared with a 6.6% increase in June.
     * Outstanding loans stood at CNY115.4 trillion at the end of July, 13.2%
higher than the year-earlier period, compared with a 12.9% increase at the end
of June. Outstanding deposits grew 9.4% year-on-year to CNY160.48 trillion,
compared with 9.2% growth in June.
--MNI Beijing Bureau; +86 10 85325998; email: he.wei@marketnews.com
--MNI BEIJING Bureau; +1 202-371-2121; email: john.carter@mni-news.com

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