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China’s property loan growth slows in 2017

China’s property loan growth slows in 2017
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Loans to China’s real estate sector expanded at a slower pace in 2017 amid tough purchase restrictions, central bank data showed Friday.

At the end of 2017, outstanding loans to the property sector stood at 32.2 trillion yuan (about 5 trillion U.S. dollars), up 20.9 percent year on year, according to a report from the People’s Bank of China.

Read the full story at http://www.xinhuanet.com/english/2018-01/19/c_136908716.htm

SOURCE: Xinhuanet

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