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China is in the middle of a new home buying boom

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Bigger, Bolder China in 2016

China is in the middle of a new home buying boom

Chinese banks issued 949 billion yuan ($142 billion) in new yuan loans in August—and more than half of them were funneled into home buyers’ hands, amid a property market comeback. The August figure, released today (Sept. 14) (link in Chinese) by the People’s Bank of China, is more than double the July figure, and beats analysts’ forecast by 20%. 56% …

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China is in the middle of a new home buying boom
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