The Shanghai Composite Index fell 0.6% to a two-week low following a statement from Premier Li Keqiang that revealed slowed growth of the broad money supply, Bloomberg reported, citing state media. Xinhua reported Li as saying Tuesday that China’s total stock of currency, short-term deposits and other liquid instruments had risen at a rate of 12.8% last month, down from 13.5% in July. The slowdown in money-supply expansion follows July’s plunge in new credit to the lowest levels since 2008. The PBOC is scheduled to officially release the credit data by September 15, and the statistics bureau is due to release August inflation data Thursday.
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