China's property loan growth slows in 2017
Xinhua |
Updated: 2018-01-19 15:59
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BEIJING - Loans to China's real estate sector expanded at a slower pace in 2017, central bank data showed Friday.
By the end of 2017, outstanding loans to the property sector stood at 32.2 trillion yuan (about $5 trillion), up 20.9 percent year-on-year, according to a report from the People's Bank of China.
The growth was 6.1 percentage points slower than the expansion seen by the end 2016.
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