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China’s new mortgage debt this year hits record high, growth pace slows amid tightening scrutiny

China's new home mortgage loans in the first eight months of the year hit the highest on record, but the growth slowed in August after the authorities tightened scrutiny on bank lending to the housing market and mortgage rates rose.

In the first eight months, Chinese banks extended 3.65 trillion yuan medium- and long-term loans to the household sector, or home mortgage loans, in the first eight . . .

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