Aggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data released by the People's Bank of China on Friday. While that exceeded the median estimate in a Bloomberg survey of economists, it was more than 11% weaker than in the year prior.

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Aggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data released by the People's Bank of China…