Retail and corporate lending speeds up notably in July
The growth rate of mortgage lending nearly doubled, reaching +1.3% after +0.7% in June, according to preliminary data. About a half of the issued loans were market-based mortgages, which was owing to an overall decrease in interest rates.
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2022-08-20 10:34:32
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Mortgages more affordable after rate cuts
Mortgage interest rates in some major Chinese cities have seen adjustments following the latest benchmark lending rate cut.
