Financial Times: It is not advisable to overhype the fluctuation of credit increments in a single month

August 13th news, the central bank in charge of the media Financial Times article said that at the end of July, the scale of social financing, M2 growth rate were maintained at a high level, reflecting the moderately loose monetary policy orientation, providing a suitable monetary and financial environment for the real economy; at the same time, affected by seasonal factors, credit data fluctuations are obvious. Monthly financial data is often regarded as a window to observe the economic and financial operation of the stage, but as our country's economy enters a high-quality development stage, monthly loan readings are usually not enough to accurately reflect the degree of economic activity, it is difficult to fully reflect the strength of financial support for the real economy, the analysis of the economic and financial situation does not need to pay too much attention to the monthly data, let alone overhype the fluctuation of monthly credit increment readings.