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PR Newswire
22-04-2014, 09:14 PM
Lands as collaterals are common and the preferred for loans...
China loans secured by land up 30.4%
BEIJING - The amount of loans using land as collateral in 84 major Chinese cities rose 30.4 per cent by the end of 2013 from a year earlier, the Ministry of Land and Resources said on Tuesday, underlining potential financial debt risks in the country.
The loans increased by 1.77 trillion yuan (S$356 billion) in 2013, bringing the cumulative total outstanding to 7.76 trillion yuan by the end of last year, the ministry said in a statement on its website.
...
http://www.todayonline.com/business/chin...d-land-304
China loans secured by land up 30.4%
BEIJING - The amount of loans using land as collateral in 84 major Chinese cities rose 30.4 per cent by the end of 2013 from a year earlier, the Ministry of Land and Resources said on Tuesday, underlining potential financial debt risks in the country.
The loans increased by 1.77 trillion yuan (S$356 billion) in 2013, bringing the cumulative total outstanding to 7.76 trillion yuan by the end of last year, the ministry said in a statement on its website.
...
http://www.todayonline.com/business/chin...d-land-304
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