chinese banks new yuan loan issuance for may missed market expectations as the economys postpandemic recovery lost steam official data showed tuesday lenders issued 136 trillion yuan 19033 billion worth of loans according to data released by the peoples bank of china that was lower than the cny162 trillion expected by economists surveyed by the wall street journal and also cny5418 million less than the amount extended at the same time last year total social financing a broader credit metric that includes nonbank loans stood at cny156 trillion in may up from cny122 trillion in april said the central bank m2 the broadest measurement of money supply rose 116 on year in may slowing from aprils 124 expansion and the 120 growth anticipated by the economists surveyed the weak credit data came after the central bank lowered a key policy rate earlier tuesday which could pave the way for a cut to the nations benchmark loan rates