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
tags:
property loans
