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

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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 released by the People's Bank of China (PBOC) on Thursday.

The figure was higher than the 1 . . .

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