【原文翻译】 Affected by factors such as insufficient domestic demand and unstable expectations, the increment of credit and social financing in July was lower than market expectations, showing a relatively obvious seasonal decline. On August 11th, the financial data released by the central bank showed that the increment of social financing in July was 528.2 billion yuan, 270.3 billion yuan less than the same period last year; yuan loans increased by 345.9 billion yuan in July, with a year-on-year decrease of 349.8 billion yuan. Among them, household loans decreased by 200.7 billion yuan. Although the increase in new loans in July was lower than that in June, which is in line with the normal trend, the significant decrease compared with the same period last year has also attracted market attention. From a comprehensive market analysis, the significantly low financial data in that month is mainly due to the overdrawn effect, insufficient effective demand, and weak financing demand in the real economy. In the future, measures such as lowering reserve ratios and interest rates can be taken to respond, and the combination of stabilizing fiscal policy and loose monetary policy can be coordinated to further enhance the momentum of steady economic recovery. ( China Business News)