xi's moments
Home | Finance

China's property loan growth slows in 2017

Xinhua | Updated: 2018-01-19 15:59

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.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349