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China Real Estate Loan Growth Moderates in 2021 – Xinhua

At the end of 2021, outstanding yuan-denominated real estate loans nationwide stood at 52.17 trillion yuan ($8.18 trillion), up 7.9 per cent year on year, PBOC data shows.

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The People's Bank of China made its biggest daily cash injection via open market operations in nearly three months.
PBOC said the operation was to keep "half year-end liquidity stable," according to an online statement. File photo: Reuters.

 

China’s real estate loan growth eased at the end of 2021 compared with a year before, Xinhua reported citing data from the People’s Bank of China (PBOC).

At the end of 2021, outstanding yuan-denominated real estate loans nationwide stood at 52.17 trillion yuan ($8.18 trillion), up 7.9 per cent year on year, 3.7 percentage points lower than at the end of 2020, the PBOC data shows.

 

Read the full report: Xinhua
 


 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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