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China’s new bank loans rose in May, credit growth continued to slow as Beijing scales back stimulus to contain debt risks

China's new bank loans increased rose in May from the month before but broader credit growth continued to slow as the Beijing seeks to contain debt risks in the world's second-largest economy.

Chinese banks extended 1.5 trillion yuan ($234.76 billion) in new yuan loans last month, compared to 1.47 trillion yuan in April and higher than of 1.41 trillion yuan expected by analysts in a Reuters poll, according to data . . .

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