China’s new yuan loans rose in November but fell short of expectations amid Beijing’s continuing efforts to pump liquidity into an economy mired in a prolonged property slump.

Chinese banks offered 1.09 trillion yuan ($151.86 billion) of new loans in the month, up from CNY738.4 billion in October, the People’s Bank of China said Wednesday. The result missed the CNY1.25 trillion expected by economists in a Wall Street Journal poll.