The Chinese central bank has stipulated that banks’ outstanding mortgage growth in the first quarter cannot exceed that of the fourth quarter last year. Photo: Reuters
Financing for Chinese developers slows to a trickle after credit crack down
As well as bank loans, alternative financing channels have shut their doors to developers
Topic |
China property
The Chinese central bank has stipulated that banks’ outstanding mortgage growth in the first quarter cannot exceed that of the fourth quarter last year. Photo: Reuters