China regulators aim to keep property sector credit growth stable
FILE PHOTO: Residential buildings are pictured near a construction site in Beijing, China April 14, 2022. REUTERS/Tingshu Wang
BEIJING : China's financail regulators pledged to keep property sector credit growth stable and support individuals affected by COVID-19 outbreaks, the central bank said in a statement on Tuesday.
Official data showed that yuan loan growth tumbled in April while household loans, including mortgages, contracted by 217 billion yuan.
Source: Reuters
