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 U.S. dollars), 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.
By 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.
The growth was 6.1 percentage points slower than the expansion seen by the end 2016.
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