Date
16 October 2018

Property mortgage loans up 19%, Xinhua says

China’s property mortgage loans were 14.17 trillion yuan (US$2.33 trillion) in the nine months to September, up 19 percent year on year, the official Xinhua news agency reported Wednesday, citing central bank data. The growth rate is 0.9 percentage point higher than in the quarter to June 30. Mortgage loans increased by 1.9 trillion yuan during the first nine months, up 917.6 billion yuan from the corresponding period in 2012, the report said.

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