The central Bank's statistics show that social financing in July stood at 273.1 billion yuan, plunging 1.69 trillion yuan from June and down by 546 billion yuan from a year earlier. In addition to poor financing data, power consumption and foreign investment also slipped. ANBOUND research team notes that the weakening of a series of economic data in July as well as the recent stance of some officials on a loosened monetary policy discloses the possibility of further relaxed monetary policies. These being said, the economic data in August and September will become a crucial reference to China’s future monetary policies, and once they can’t meet economic expectations, further relaxed monetary policies will be possibly on the verge.