April 24, 2020 / 8:26 AM / a month ago

China outstanding property loans +13.9% y/y by end-March

BEIJING, April 24 (Reuters) - China’s outstanding property loans were up 13.9% from a year earlier at 46.16 trillion yuan ($6.52 trillion) as of end-March, central bank data showed on Friday.

Outstanding individual mortgages grew 15.9% year-on-year to 31.15 trillion yuan by the end of the first quarter. ($1 = 7.0807 Chinese yuan renminbi) (Reporting by Judy Hua, Huizhong Wu and Lusha Zhang; Editing by Kevin Liffey)

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