China's bank announced slower real estate loan growth

Note: This section contains information in English only.
Source: MNI news
The PBOC reported that the loans to the real estate sector slowed in 2011 while proportion in the real estate loans in the overall lending also decreased. The country's banks saw CNY 1.26 trillion new loans last year as compared to CNY 2.03 trillion in the preceding year. New loans to property market amounted 17.5% of the total new loans as compared to 26.9% in the preceding year.


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