China's new bank lending rose less than expected in May after contracting the previous month, as a prolonged property downturn continued to weigh on household borrowing. China's new yuan loans rose to 520 billion yuan ($77 billion) in May, recovering from a 10 billion yuan contraction in April but missing analysts' forecasts, according to Reuters calculations based on data from the People's Bank of China.Analysts polled by Reuters ​had expected new yuan loans would total 550 billion yuan in May, compared with 620 billion yuan a year earlier. The PBOC does not provide monthly breakdowns. Reuters calculated the May ... (full story)