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New yuan loans for August were out Monday and slowed sharply.
Bank loans of RMB 300bn missed the Bloomberg consensus of RMB 404bn.
Total social financing was RMB 1660bn, versus Bloomberg’s consensus of RMB 2122 billion.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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