“The Importance of Networking in Achieving Career Success”

“The Importance of Networking in Achieving Career Success”, In today’s interconnected world, networking has become a critical component of career advancement and success. Building and maintaining professional relationships can open doors to new opportunities, provide valuable insights, and support personal and professional growth. Whether you’re just starting out in your career or are a seasoned professional, understanding the significance of networking and how to leverage it effectively can make a substantial difference in achieving your career goals.

Understanding Networking

Networking involves creating and nurturing relationships with other professionals, industry experts, and peers. It’s not just about exchanging business cards or attending events; it’s about fostering genuine connections that can provide mutual support and benefit over time. Networking can take place in various settings, including industry conferences, professional associations, social media platforms, and informal gatherings.

Why Networking Matters

  1. Access to Opportunities: Networking can uncover job openings, project collaborations, and career advancement opportunities that are not publicly advertised. Many positions are filled through referrals and personal connections. Building a strong network increases your chances of being considered for these opportunities.
  2. Industry Insights and Knowledge: Engaging with professionals in your field allows you to stay informed about industry trends, best practices, and emerging technologies. This knowledge can enhance your skills, inform your career decisions, and keep you competitive in a rapidly changing job market.
  3. Mentorship and Guidance: Networking can connect you with mentors who can offer valuable advice, feedback, and support. Mentors can provide guidance on career development, help you navigate challenges, and share their own experiences to help you grow professionally.
  4. Enhanced Professional Skills: Through networking, you can gain exposure to different perspectives and approaches. Interacting with a diverse group of professionals can help you develop essential skills such as communication, negotiation, and problem-solving.
  5. Increased Visibility and Reputation: Regularly engaging with your network helps build your personal brand and professional reputation. By demonstrating your expertise, sharing valuable insights, and being an active participant in your industry, you enhance your visibility and credibility.
  6. Support System: Networking creates a support system of colleagues, friends, and industry contacts who can offer encouragement, advice, and assistance during career transitions or challenges. Having a reliable network can provide emotional support and practical help when needed.

Effective Networking Strategies

  1. Identify Your Networking Goals: Before you start networking, clarify what you want to achieve. Are you seeking job opportunities, industry insights, mentorship, or collaborations? Defining your goals will help you target the right individuals and build meaningful connections.
  2. Build Genuine Relationships: Focus on developing authentic relationships rather than just collecting contacts. Show genuine interest in others, listen actively, and offer support and assistance where possible. Building trust and rapport can lead to more meaningful and lasting connections.
  3. Leverage Social Media: Platforms like LinkedIn, Twitter, and industry-specific forums are valuable tools for networking. Join relevant groups, participate in discussions, and connect with professionals in your field. Maintain an updated and professional online presence to attract and engage with potential connections.
  4. Attend Industry Events: Participate in conferences, seminars, workshops, and networking events related to your industry. These events provide opportunities to meet new people, learn from experts, and stay updated on industry developments. Be prepared with a clear elevator pitch and follow up with new contacts after the event.
  5. Seek Out Informational Interviews: Reach out to professionals in roles or industries you’re interested in and request informational interviews. These meetings provide insights into their experiences and can help you understand the skills and qualifications needed for specific roles. They also expand your network and can lead to further opportunities.
  6. Follow Up and Stay Connected: After meeting new contacts, follow up with a personalized message or thank-you note. Stay in touch by sharing relevant articles, offering help, or scheduling periodic catch-ups. Regular communication helps maintain and strengthen relationships over time.
  7. Give Back: Networking is a two-way street. Offer your support, share your knowledge, and help others in your network. By contributing to the success of others, you build goodwill and create a positive reputation within your professional community.
  8. Keep Your Network Organized: Use tools like contact management apps or spreadsheets to keep track of your network. Note important details about your connections, such as their interests, previous interactions, and follow-up actions. This organization helps you manage and nurture your relationships effectively.

Examples of Networking Impact

  1. Job Searching: Many people find job opportunities through referrals from their network. For example, a former colleague might recommend you for a position or introduce you to a hiring manager, significantly increasing your chances of landing the job.
  2. Business Growth: Entrepreneurs often leverage their network to find clients, partners, and investors. Networking can lead to business opportunities, collaborations, and valuable partnerships that drive growth and success.
  3. Career Transitions: Networking can be crucial when changing careers or industries. By connecting with professionals in your target field, you can gain insights, seek advice, and uncover opportunities that align with your new career goals.

“Success vs. Happiness: Can You Have Both?”

“Success vs. Happiness: Can You Have Both?”, The quest for success and the pursuit of happiness are often seen as two separate, sometimes conflicting goals. On one hand, success is typically defined by achievements, status, and external validation. On the other hand, happiness is more about internal contentment and well-being. The question arises: Can you truly have both success and happiness, or do they inherently conflict with each other? Let’s explore how these concepts intersect and how you can strive to achieve both.

Understanding Success and Happiness

Success is generally characterized by reaching certain milestones or attaining specific goals. It might involve career achievements, financial prosperity, academic accolades, or social recognition. For many, success is measured by tangible outcomes and external validation.

Happiness, however, is more subjective and emotional. It encompasses a state of well-being, contentment, and joy. Unlike success, which can be externally measured, happiness is an internal experience that often relies on personal fulfillment and relationships.

The Intersection of Success and Happiness

The relationship between success and happiness is complex. While they are often pursued separately, they can be deeply intertwined. Here are some key points to consider:

  1. Success Can Contribute to Happiness: Achieving certain goals or reaching a level of success can lead to a sense of accomplishment and satisfaction. For example, career milestones or financial stability can reduce stress and improve overall well-being. However, this is not a guaranteed outcome. Success alone does not automatically lead to lasting happiness.
  2. Happiness Enhances Success: Conversely, being happy and content can improve your performance and drive. A positive mindset and emotional well-being can enhance creativity, resilience, and productivity, which are crucial for achieving success. Happiness can also foster better relationships, which can support professional and personal growth.
  3. Success Without Happiness: It is possible to achieve significant success while feeling unfulfilled or unhappy. High stress, long hours, and the pressure to maintain a certain status can overshadow the joy that success is supposed to bring. This highlights the importance of aligning your pursuits with your values and personal well-being.
  4. Happiness Without Success: Similarly, one can experience happiness without traditional markers of success. Personal fulfillment, meaningful relationships, and a sense of purpose can lead to a happy and content life even without high status or financial wealth.

Strategies to Achieve Both Success and Happiness

Achieving a balance between success and happiness involves mindful effort and alignment with your core values. Here are some strategies to consider:

  1. Define Your Own Success: Understand what success means to you personally. Set goals that align with your values and passions, rather than societal expectations. This ensures that your pursuit of success is fulfilling and supports your overall happiness.
  2. Prioritize Well-Being: Integrate practices that promote physical, emotional, and mental well-being into your routine. This can include regular exercise, healthy eating, mindfulness practices, and maintaining a healthy work-life balance. Prioritizing self-care helps sustain both happiness and success.
  3. Set Realistic Goals: While ambition is important, setting realistic and achievable goals helps avoid burnout and stress. Break down larger goals into manageable steps and celebrate small victories along the way. This approach can make the journey toward success more enjoyable and less overwhelming.
  4. Foster Relationships: Strong, supportive relationships are a key component of both happiness and success. Build and maintain connections with friends, family, and mentors who support and encourage you. These relationships provide emotional support and can enhance both personal and professional growth.
  5. Find Purpose and Meaning: Pursue goals that provide a sense of purpose and align with your values. Engaging in work or activities that contribute to a greater cause can enhance both your sense of achievement and overall happiness.
  6. Practice Gratitude and Mindfulness: Regularly practicing gratitude and mindfulness helps maintain a positive outlook and appreciate the present moment. This mindset can enhance your overall happiness and perspective on success.

Case Studies: Balancing Success and Happiness

  1. Steve Jobs: Steve Jobs achieved immense success as the co-founder of Apple Inc., but his journey was not without challenges. Jobs experienced significant personal struggles and health issues. His later years reflected a shift in focus towards finding personal fulfillment and meaning beyond professional success.
  2. Richard Branson: Richard Branson, the founder of the Virgin Group, has publicly spoken about his approach to balancing success and happiness. Branson emphasizes the importance of enjoying the journey, having fun, and maintaining a sense of adventure, which contributes to his overall well-being and success.
  3. Michelle Obama: Michelle Obama’s life as the former First Lady and a successful author illustrates the intersection of success and happiness. Despite her high-profile career, she has spoken about the importance of self-care, family time, and staying true to oneself to achieve personal happiness while navigating her success.

Overcoming Failure: Turning Setbacks into Stepping Stones

Overcoming Failure: Turning Setbacks into Stepping Stones, Failure is often seen as the end of the road, but in reality, it can be a powerful catalyst for growth and success. Embracing failure as a learning experience rather than a defeat can transform setbacks into valuable stepping stones. Here’s how you can shift your perspective on failure and leverage it to achieve your goals.

Understanding Failure as a Part of Success

Failure is an inevitable part of any ambitious endeavor. Rather than viewing it as a final judgment on your abilities, see it as a natural component of the path to success. Every successful person has encountered failure along the way; what distinguishes them is their response to it.

For instance, Thomas Edison, the inventor of the light bulb, famously encountered thousands of failed attempts before succeeding. His perspective was that each failure brought him closer to the right solution. Understanding that failure is a part of the process helps reframe setbacks as opportunities for learning and growth.

1. Analyze and Learn from the Experience

When faced with failure, take a step back to analyze what went wrong. This reflective process is crucial for understanding the reasons behind the setback and identifying areas for improvement. Ask yourself:

  • What specific factors contributed to this failure?
  • Were there warning signs or patterns that I missed?
  • What can I learn from this experience?

By dissecting the failure and extracting valuable lessons, you can develop strategies to avoid similar mistakes in the future. This proactive approach turns a negative experience into a constructive learning opportunity.

2. Develop Resilience and Adaptability

Resilience is the ability to bounce back from adversity and maintain focus on your goals. Failure tests your resilience, and developing this quality is essential for overcoming setbacks. Embrace failure as a challenge that builds character and strengthens your resolve.

Adaptability is another key component. When faced with failure, be open to adjusting your approach and strategies. Flexibility allows you to navigate obstacles more effectively and find alternative solutions. For example, many successful entrepreneurs have pivoted their business models in response to market challenges, leading to new opportunities and growth.

3. Set Realistic Goals and Break Them Down

Often, failure occurs when goals are too ambitious or poorly defined. Setting realistic, achievable goals is crucial for maintaining motivation and tracking progress. Break down larger goals into smaller, manageable tasks, and set milestones to celebrate along the way.

This incremental approach helps you stay focused and reduces the risk of overwhelming setbacks. It also allows you to address issues in smaller segments, making it easier to adjust your strategy as needed.

4. Cultivate a Growth Mindset

A growth mindset is the belief that abilities and intelligence can be developed through effort and learning. Embracing this mindset helps you view failure as a stepping stone rather than a permanent obstacle. It encourages you to persist in the face of challenges and continuously seek improvement.

To cultivate a growth mindset:

  • Embrace Challenges: View obstacles as opportunities to grow and learn.
  • Learn from Criticism: Use constructive feedback to refine your approach and improve.
  • Celebrate Effort: Recognize the hard work and effort put into overcoming challenges, rather than just the outcomes.

5. Build a Support System

Having a strong support system can make a significant difference when dealing with failure. Surround yourself with people who encourage and inspire you, including mentors, friends, and family. Their support can provide perspective, advice, and motivation during difficult times.

Additionally, seek out communities or networks related to your field. Engaging with others who have faced similar challenges can offer valuable insights and reassurance that you are not alone in your struggles.

6. Stay Focused on Your Vision

Maintaining a clear vision of your goals and purpose can help you stay motivated despite setbacks. Remind yourself of why you started your journey and the broader impact you hope to achieve. This sense of purpose can help you persevere through challenges and maintain your drive.

Visualizing your success and regularly revisiting your goals can also reinforce your commitment and resilience. Keeping your long-term vision in mind provides a source of inspiration and direction when faced with temporary failures.

7. Use Failure as a Motivational Tool

Rather than letting failure diminish your confidence, use it as a source of motivation. Reflect on how overcoming setbacks has strengthened your resolve and provided valuable lessons. This perspective can fuel your determination to continue pursuing your goals and achieving success.

Consider keeping a journal to document your experiences with failure and the lessons learned. Reviewing this record can provide encouragement and insight during challenging times, helping you stay focused and motivated.

The Power of Persistence: Stories of Success Against All Odds

The Power of Persistence: Stories of Success Against All Odds, Persistence is a fundamental quality shared by many individuals who have achieved remarkable success despite facing significant challenges. It’s the relentless drive to push forward, regardless of obstacles, setbacks, or failures. This quality has been the cornerstone of many inspiring success stories. Here, we explore how persistence has transformed the lives of several individuals who triumphed against all odds.

1. J.K. Rowling: From Struggling Single Mother to Global Phenomenon

J.K. Rowling’s journey to success is one of the most famous examples of persistence. Before she became the renowned author of the Harry Potter series, Rowling was a struggling single mother living on welfare. She faced numerous rejections from publishers, with the manuscript for “Harry Potter and the Philosopher’s Stone” being rejected by twelve different publishers. Despite these setbacks, Rowling remained determined, continuing to refine her work and pursue her dream.

Her perseverance eventually paid off when Bloomsbury accepted her manuscript. The Harry Potter series went on to become a global sensation, turning Rowling into one of the world’s most successful authors. Her story is a testament to how unwavering persistence can lead to extraordinary success, even when the odds seem insurmountable.

2. Oprah Winfrey: Overcoming Adversity to Achieve Greatness

Oprah Winfrey’s rise to fame and success is another powerful example of persistence. Born into poverty and facing numerous hardships, including abuse and discrimination, Oprah’s early life was fraught with challenges. Despite these difficulties, she pursued her passion for media and storytelling.

Oprah’s career began with local news and talk shows, but she faced rejection and failure along the way. Her persistence and belief in her vision led her to create “The Oprah Winfrey Show,” which became a groundbreaking success and changed the landscape of television. Oprah’s story highlights how persistence in the face of adversity can lead to transformative success and influence.

3. Thomas Edison: A Legacy of Invention Through Persistence

Thomas Edison, the prolific inventor behind many groundbreaking innovations, is often cited for his remarkable persistence. Perhaps his most famous invention, the electric light bulb, was the result of countless experiments and failures. Edison reportedly conducted over a thousand unsuccessful attempts before finally achieving success.

His unwavering determination is encapsulated in his famous quote, “I have not failed. I’ve just found 10,000 ways that won’t work.” Edison’s story illustrates how persistence and a positive attitude towards failure can ultimately lead to groundbreaking achievements and long-lasting impact.

4. Elon Musk: Innovating Against the Odds

Elon Musk, the entrepreneur behind companies like Tesla, SpaceX, and Neuralink, has faced numerous obstacles in his quest to revolutionize industries. Musk’s ventures, particularly SpaceX, faced multiple failures and near-bankruptcies. In the early days, the company experienced a series of failed rocket launches that threatened its survival.

Despite these challenges, Musk remained steadfast in his vision of making space travel more accessible and sustainable. His persistence led to SpaceX’s eventual success, including the first privately funded spacecraft to dock with the International Space Station. Musk’s story exemplifies how persistence can drive innovation and success, even when the journey is fraught with difficulties.

5. Malala Yousafzai: Advocacy for Education Despite Life-Threatening Challenges

Malala Yousafzai’s story is a powerful example of persistence in the face of extreme adversity. As a young advocate for girls’ education in Pakistan, Malala faced threats and violence from the Taliban. In 2012, she was shot in the head by a Taliban gunman, yet she survived the attack and continued her advocacy work.

Malala’s resilience and commitment to education led her to become the youngest-ever Nobel Peace Prize laureate in 2014. Her courage and determination to promote education for girls worldwide, despite the life-threatening risks she faced, underscore the profound impact of persistence in driving meaningful change.

“How to Define Success on Your Own Terms”

“How to Define Success on Your Own Terms”, Success is a deeply personal concept, often shaped by societal standards and external pressures. From prestigious job titles to financial milestones, the traditional markers of success can sometimes overshadow what truly matters to us as individuals. Learning to define success on your own terms is a powerful way to align your life with your authentic values and aspirations. Here’s how you can craft a personalized vision of success that reflects who you are and what you truly want.

Understanding Traditional Success Metrics

Before you can define success on your own terms, it’s important to recognize the traditional metrics that society often uses. These typically include:

  • Career Achievement: High-ranking positions, impressive titles, or notable industry recognition.
  • Financial Wealth: Accumulating significant wealth or achieving a specific income level.
  • Academic Credentials: Advanced degrees or prestigious academic awards.
  • Social Status: Public recognition, a large social media following, or high-profile relationships.

While these markers can indeed be indicators of success, they don’t necessarily align with everyone’s personal values or goals. Understanding this can free you from the constraints of societal expectations and empower you to define success in a way that resonates with your own life.

Reflect on Your Core Values

To define success on your own terms, start by identifying your core values. These are the principles that guide your decisions and actions. Ask yourself:

  • What activities make me feel fulfilled and happy?
  • What are the qualities I admire in others?
  • What principles do I want to embody in my life?

For instance, if you value creativity, you might define success as having the freedom and resources to pursue creative projects. If family and relationships are paramount, success might look like spending quality time with loved ones and nurturing meaningful connections.

Set Personal Goals

Once you’ve identified your core values, set personal goals that align with them. These goals should be specific, measurable, and meaningful to you. They can range from personal growth objectives to professional aspirations. Consider:

  • Career Goals: Instead of aiming for a high-profile position, you might focus on finding work that aligns with your passions and offers work-life balance.
  • Personal Development: Set goals for learning new skills, practicing mindfulness, or achieving personal growth milestones.
  • Lifestyle Objectives: Consider how you want to structure your daily life, including time for hobbies, travel, or relaxation.

Your goals should reflect what success means to you, rather than what you think it should be according to others.

Embrace a Growth Mindset

Defining success on your own terms requires a growth mindset, which means being open to learning, adapting, and evolving. Understand that your definition of success may change over time as you grow and your circumstances shift. Embrace this fluidity and be willing to adjust your goals and strategies as needed.

Celebrate small victories along the way and recognize that setbacks are part of the journey. A growth mindset helps you stay resilient and focused on your personal vision of success, regardless of external challenges.

Seek Fulfillment Over Perfection

Often, the pursuit of perfection can overshadow the pursuit of fulfillment. Instead of striving for an unattainable ideal, focus on finding joy and satisfaction in the process of achieving your goals. This involves:

  • Enjoying the Journey: Appreciate the experiences and learning opportunities that come with working towards your goals.
  • Practicing Self-Compassion: Be kind to yourself and recognize that progress is more important than perfection.
  • Valuing Relationships: Prioritize connections and experiences that bring you joy and enrich your life.

By focusing on fulfillment rather than perfection, you’ll find a more sustainable and satisfying path to success.

Surround Yourself with Supportive People

Surrounding yourself with supportive and like-minded individuals can reinforce your personal definition of success. Build a network of people who respect and encourage your goals, and who share similar values and aspirations. These relationships can provide valuable perspectives, motivation, and encouragement as you pursue your unique vision of success.

Reassess and Adapt Regularly

Your definition of success isn’t static; it should evolve as you grow and your life circumstances change. Regularly reassess your goals and values to ensure they still align with what you want. Ask yourself:

  • Am I still passionate about my current goals?
  • Do my goals reflect my core values?
  • How have my circumstances or priorities changed?

Adapting your definition of success in response to these reflections allows you to stay aligned with your true self and continue pursuing a fulfilling and authentic life.

Champions League Format Won’t Alter Enrique’s PSG Approach

PARIS : Champions League Format Won’t Alter Enrique’s PSG Approach, Paris St Germain take on Brest in Ligue 1 this weekend before beginning their Champions League campaign four days later but despite the extra games this season manager Luis Enrique has said there will be no change in how he operates.

The new league phase of the Champions League means PSG will face eight games between now and January, compared to six before, and their first match is against Spanish side Girona on Wednesday after they host Brest on Saturday.

“It’s true, the schedule is a bit different but I don’t think it is going to change the way I work as a coach,” Luis Enrique told a press conference on Friday.

“I have principles that I think are best for the team. It is always good to have around 20 players who think they can play, rather than 12 or 13. That is something that has always produced the best results from me.

“Now we are playing every three days with an intense schedule. I am still calm.
Of course players can get injuries or suspensions but I am confident that we can manage all of that this season.”

Midfielders Vitinha and Warren Zaire-Emery are unlikely to feature in Saturday’s game after picking up injuries during the international break with Portugal and France respectively.

PSG could also be without Gianluigi Donnarumma after the goalkeeper became a father and
Luis Enrique has yet to decide on the Italian’s involvement against Brest.

Bradley Barcola, 22, has four goals from PSG’s opening three wins, having got that amount in the
league in total last season,also netted for France against Italy last week but the manager said the only pressure on the forward is from the media.

“It would be easy to protect the players without journalists. Right now everyone is talking about Barcola. People said he couldn’t play in the past, that he wasn’t ready for the Champions League,” Luis Enrique added.

“But we’re lucky that he is very sensible, humble and hard-working.

“Throughout the season there are highs and lows for everyone and we have to manage that. The press always want something black or white, but that is not how it is.”

“We analysed what they did against us last season. We found it very difficult in every game without exception,” Luis Enrique said. “So it will be the same thing tomorrow.”

PSG are top on nine points, while Brest are 12th with three.

Canada Eyes AUKUS Membership

TOKYO: Canada Eyes AUKUS Membership, Canada is in discussions about joining an expanded AUKUS deal between the US, Britain, and Australia formed to counter China’s growing military influence in the Asia Pacific region, Canadian Defence Minister Bill Blair said.

Canada has said it wants to join a second pillar of AUKUS that will collaborate on new military technologies, including artificial intelligence and quantum computing, but has not so far revealed any details of those talks.

“There have been important discussions about processes and platforms on a project-specific basis on where other nations, including Japan and ourselves, might participate,” Blair said in an interview in Tokyo where he met his Japanese counterpart Minoru Kihara.

“I would respectfully wait until they’ve come to their determination, but I’m very optimistic,” he said.

Blair said he and Kihara discussed AUKUS, which is already considering working with Japan. The initial phase of AUKUS involves the three founding members working on nuclear submarine technology for Australia.

Blair, who was on his first trip to Japan as defence minister, arrived in Tokyo from South Korea, which is also in talks about a role in AUKUS.

Canada is looking for a bigger security role in Asia and has made forging deeper ties with Japan and South Korea a priority. As its defence commitments expand at home and overseas the country is expanding military spending.

Sauber still mulling options for last remaining F1 seat

BAKU : Sauber still mulling options for last remaining F1 seat, Sauber are still evaluating their options for the last seat available on next year’s Formula One grid, representative Alessandro Alunni Bravi said as they prepare to become the Audi factory team from 2026.

Speaking to reporters on Friday at the Azerbaijan Grand Prix, Bravi said Binotto was assessing drivers but there was no rush to announce a decision and a move may come in weeks.

“We are evaluating all of the options to see which is the best balance between a short term experience and medium to long-term maybe young talent. There are potential candidates on both sides,” Bravi said.

He added that Finn Valtteri Bottas, in his third season with the team after stints at Williams and Mercedes, was “on top of our list”, but there were “other opportunities.”

“We are just looking at all the pros and cons and Mattia will take the decision based not only on 2025, but also in the medium to long-term strategy for the Audi F1 project,” he added.

“I think for me it’s very clear where I want to be and where I most likely will be, which is in Formula One,” he said, adding it was now a “waiting game” but he was “less stressed”.

Other drivers in the frame include Brazilian Formula Two prospect Gabriel Bortoleto, a protege of Aston Martin’s double world champion Fernando Alonso and member of McLaren’s driver development programme.

On Thursday, Spaniard Alonso praised the 19-year old and said it was only a matter of time before Bortoleto made it to Formula One.

China Lending Misses; Policy Expected

BEIJING: China Lending Misses; Policy Expected, New bank lending in China jumped less than expected in August after hitting a 15-year low in July, as the central bank keeps policy accommodative and pledges to roll out more supportive measures to bolster a fragile economic recovery.

Chinese banks extended 900 billion yuan (US$126.86 billion) in new yuan loans in August, up 246 per cent from July but short of analyst expectations, data released by the People’s Bank of China showed on Friday.

Analysts polled by Reuters had predicted new yuan loans would reach 1.02 trillion yuan last month, versus 260 billion yuan the previous month, but lower than the 1.36 trillion yuan a year earlier.

“Both broad credit and bank loan growth slowed in August, coming in below expectations,” Leah Fahy at Capital Economics said in a note.

“While stronger government spending should give the economy a boost over the coming months, that doesn’t seem likely to be helped by any pickup in private credit demand.”

The People’s Bank of China (PBOC) does not provide monthly breakdowns, but Reuters calculated the August figures based on the bank’s Jan-August data and the Jan-July figure released earlier.

The PBOC said new yuan loans totalled 14.43 trillion yuan for the first eight months of the year.

Household loans, including mortgages, expanded 190 billion yuan in August after contracting 210 billion yuan in July, while corporate loans rose to 840 billion yuan from 130 billion yuan in July, according to Reuters calculations based on the PBOC data.

A senior central bank official on Friday pledged to maintain a supportive policy and create a sound monetary environment for economic recovery.

Analysts expect the PBOC, which has steadily lowered interest rates and increased liquidity throughout the year, to ease policy further to support growth.