Agence France-PresseJune 10, 2013 02:35
Chinese banks scaled back lending in May from April, the central bank said, prompting analysts to warn Monday of threats to growth in the world's second largest economy.
Banks extended 667.4 billion yuan ($108 billion) in new loans last month, less than the 792.9 billion yuan in April, the People's Bank of China said Sunday.
Actual May lending was far below the 821.3 billion yuan expected in a Dow Jones Newswires poll of 14 economists.
"Liquidity conditions were much tighter than expected," investment bank Goldman Sachs said in a research report on Monday.