Long-term household loans – usually referring to housing mortgages – fell in October compared with September after major cities launched rules to curb home purchases and property speculation. Photo: Reuters

China’s bank credit halved in October as central bank grows hawkish

New yuan bank loans during the month fell to 651.3 billion yuan compared with September’s level of 1.22 trillion yuan, the People’s Bank of China said on Friday

Topic |   China economy

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Long-term household loans – usually referring to housing mortgages – fell in October compared with September after major cities launched rules to curb home purchases and property speculation. Photo: Reuters
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