BEIJING -- China's yuan-denominated loans rose by 9.11 trillion yuan (about $1.34 trillion) in the first five months of 2026, central bank data showed on Friday.

China's new yuan loans rebounded in May 2026 after April's rare contraction of 10 billion yuan, the first decline since July 2025, badly missing forecasts.

China's credit expansion recovered in May from April's unexpected drop, topping expectations amid continued tepid demand for borrowing.