What's new: Chinese households borrowed more money to buy homes in the first quarter as mortgage rates declined, showing a positive signal in the sluggish real estate market, a central bank official said Thursday. In the first quarter, monthly average mortgage lending jumped nearly 50% to 590 billion yuan ($85.9 billion) from the fourth quarter of 2022, said Zou Lan, director of the monetary policy department of the People's Bank of China, at a regular press conference to discuss first-quarter financial data.

https://www.caixinglobal.com/2023-04-21/chinese-first-quarter-mortgage-borrowing-jumps-50-102021966.html

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