China Development Bank Social Housing Loans Up 44.3 Billion Yuan
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China Development Bank Corp., the state policy lender, boosted outstanding loans for affordable housing projects by 44.3 billion yuan ($6.9 billion) in the first six months, it said in a statement on its website today.
The rise was nearly half the 90.8 billion yuan increase in affordable housing loans from Chinese banks this year, said the statement. The lender, which is also known as CDB, plans to spend 100 billion yuan to support construction of social housing, it said.