China Property Sector Loans Stabilize Toward Year-End: PBOC
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China’s property loan growth stabilized in the fourth quarter of 2021, even before authorities called on banks to increase lending to the struggling sector to ease a liquidity crisis.
The country’s outstanding loans in the property sector increased to 52.17 trillion yuan ($8.2 trillion) at the end of 2021, according to the People’s Bank of China. The year-over-year growth was 7.9%, faster than the 7.6% pace seen at the end of September, which was the slowest rate since the PBOC started analyzing the data in 2010.