China's personal mortgages registered the first year-on-year decline on record at the end of the second quarter, putting further pressure on policymakers to prop up a recovery in the housing market that has been losing steam after a brief rebound at the start of this year. At the end of June, outstanding mortgages fell 0.7% from a year earlier to 38.6 trillion yuan ($5.3 trillion), a report released Friday by the People's Bank of China (PBOC) showed. That marks the first such drop in available quarter-end data going back to 2013.

https://www.caixinglobal.com/2023-07-31/chart-of-the-day-chinas-personal-mortgages-post-first-decline-in-a-decade-102088225.html

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