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April 14, 2012

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Mortgages in decline

HOME mortgages in Shanghai declined for a second month in March due to the cool property market.

They fell by 1.15 billion yuan (US$182.5 million), 830 million yuan less than in February, but that contrasted with an increase of 5.36 billion yuan a year ago, the Shanghai branch of the central bank said.



 

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