(Repeats story issued late on Wednesday) * August new loans 1.21 trln yuan vs f’cast 1.2 trln yuan * August M2 money supply +8.2% y/y, vs f’cast of +8.1% * August TSF 1.98 trln yuan, vs f’cast 1.55 trln yuan * Further policy easing expected amid trade tension By Judy Hua and Kevin Yao BEIJING, Sept 11 (Reuters) – China’s banks extended 1.21 trillion yuan ($170 billion) in new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-U.S. trade dispute takes a bigger toll on the economy. Chinese regulators have been trying to boost bank lending and lower financing costs for more than a year, especially for smaller and private companies, which generate a sizeable share of the country’s economic growth and jobs. But some analysts say credit demand has not picked up as much as expected, possibly because of weak domestic orders and the deepening U.S.-China trade war. That has reinforced views the government must roll out more stimulative measures to spur investment and stabilise economic activity. “August lending data is in line with market expectations. It shows increased support for the real… Read full this story
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