Real Estate Loans Responsible for 27% of Total Lending in 1H
Loans given to China's property market more than doubled to 1.3 trillion yuan in 1H 2013, representing 27.1% of total lending during the same period, according to central bank figures. Outstanding loans linked to property development and personal mortgage amounted to 3.26 trillion yuan and 9.07 trillion yuan as of the end of June 2013, up 11% and 21.1% respectively from a year earlier.
China to Ease Curbs After Slower Growth
China's slower GDP growth in Q2 2013 will likely prompt the government to modestly ease policies, Deutsche Bank said in a research report. To stabilize growth, the government may resort to a number of low profile measures, such as
stabilizing the exchange rate, accelerating the approval and implementation of some major projects (including railways, alternative energy, subways, public housing, pollution treatment and telecom networks), and reducing the non-performing loan ratio of small and midsized businesses, the report predicted.
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