Chinese banks extended 1.06 trillion yuan ($150.06 billion) in new yuan loans in July, down from June and falling short of analysts’ expectations. Analysts polled by Reuters had predicted new yuan loans would fall to 1.25 trillion yuan in July, from 1.66 trillion yuan in the previous month and compared with 1.45 trillion a year earlier. Broad M2 money supply in July grew 8.1% from a year earlier, central bank data showed on Monday, below estimates of 8.4% seen in the Reuters poll. It rose 8.5% in June. Outstanding yuan loan grew 12.6% from a year earlier. Analysts had expected 12.8% growth, slower than June’s ... (full story)