While lending was up in August, helping to sustain the economy and avoid a hard landing, seems that might not be repeated in September:

China Bank Lending Quickens as Tightening Relaxes

China’s bank lending quickened to 548.5 billion yuan in August, rebounding from a seven-month low of 492.6 billion yuan in July, due to a slight relaxation in Beijing’s credit tightening campaign.
 

But inflation, not growth, remains the top concern for Beijing and China’s central bank is unlikely to alter its current “prudent” monetary policy stance, analysts said.
 

“August lending was stronger than expected, but it’s too early to say that the central bank is ready to relax,” E Yongjian, an economist with the Bank of Communications in Shanghai, said.
 

“As inflation is relatively high and the external environment remains uncertain, the central bank is expected to maintain its current stance, but it is unlikely to take any big moves like an increase in interest rate or the required reserve ratio,” he added.
 

Sources told Reuters earlier that the People’s Bank of China (PBOC) has punished some state lenders with “designated bills” for lending too much in August.
 

China’s broad money supply, M2, rose 13.5 percent, slowing down further from 14.7 percent in July, the central bank said on Sunday.