AsianFin -- China’s new yuan loans surged in May, more than tripling from the previous month, as a temporary easing of trade tensions with the United States and fresh government stimulus measures spurred a rebound in credit demand.

Chinese banks likely issued 850 billion yuan ($118.27 billion) in net new yuan loans last month, according to a Reuters poll of 18 economists. That compares with just 280 billion yuan in new loans distributed in April and is roughly on par with lending levels seen in May last year.