2010 saw jump in home loans
Source: Agencies |
January 27, 2011, Thursday
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Print Edition
Print Edition
China's central bank says new loans for the property sector jumped again last year to make up almost a quarter of all new bank loans despite government efforts to cool the market.
A statement on the bank's website said banks and other institutions put 2 trillion yuan (US$303 billion) into the property sector in 2010.
Loans for property development totaled 591 billion yuan. The remaining money was home loans for individuals.
A statement on the bank's website said banks and other institutions put 2 trillion yuan (US$303 billion) into the property sector in 2010.
Loans for property development totaled 591 billion yuan. The remaining money was home loans for individuals.
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