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

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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
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