China saw outstanding real estate loans accelerate as of the end of March from three months earlier while industrial lending slowed, official data showed Wednesday.
By the end of last month, financial institutions in China had lent 12.98 trillion yuan (2.08 trillion U.S. dollars) to the property sector, up 16.4 percent year on year, according to statistics from the People’s Bank of China (PBOC), the country’s central bank.
The growth was 3.6 percentage points faster than that recorded at the end of last year, the PBOC said.
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