China July money data cast doubts on recovery's durability

The amount of money flowing into China's economy slowed to the lowest level in nearly six years in July, adding to fears that a sustained recovery may be at risk in the second half of the year despite government efforts to shore up growth.

Both the central bank and economists had expected some payback in July after unexpectedly strong financing data in June, but new loans and money supply growth were far below economists' expectations.

China's total social financing aggregate, a broad measure of liquidity in the economy, fell to 273.1 billion yuan ($44.34 billion) in July, about one seventh of that in June and the lowest monthly reading since October 2008 in the depths of the global financial crisis.