OREANDA-NEWS. September 24, 2014. A recent pickup in new loans and total social financing suggests government efforts to support investment demand are having an impact, according to Barclays Research.
 
China's new lending posted stronger-than-expected growth in September, expanding 154.7 billion yuan from August to reach 857.2 billion yuan (139.6 billion U.S. dollars), according to the central bank on Thursday.
 
The improved data were also consistent with a rebound seen in import growth earlier in the week, Barclays said in its latest research note.
 
The London-based bank forecast the growth rate of the world's second-largest economy would slow further in the third quarter before picking up momentum in the fourth quarter.
 
"Targeted monetary easing, support measures for the property market and back-loaded investment projects" are expected to result in a 7.6-percent growth rate for the fourth quarter.
 
In the first half of 2014, China's economy expanded 7.4 percent from a year earlier.