China's outstanding medium- and long-term loans to the household sector, mostly mortgage loans, declined in February for the first time since record started, indicating that home sales remained sluggish despite a series of support measures from the government.
According to data released by the People's Bank of China (PBOC) last week, outstanding medium- and long-term loans to the household sector declined by 45.9 billion yuan in February, indicating that repayment . . .
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