Central Bank Supervisory Media: It is not advisable to excessively hype the fluctuations in monthly credit growth

The Financial Times, overseen by the People's Bank of China, stated that monthly financial data is often viewed as a window to observe the phase of economic and financial operations. However, as China's economy enters a stage of high-quality development, single-month loan readings are usually insufficient to accurately reflect the level of economic activity and are also inadequate to fully represent the strength of financial support for the real economy. When analyzing the economic and financial situation, there is no need to overly focus on single-month data, and it is even less appropriate to excessively hype fluctuations in single-month credit increment readings