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Old 08-06-2011, 07:28 AM   #1
lqpfg379
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Banks can at most offer a 10 percent discount on interest rates on loans for public housing projects,Christian Louboutin white, according to the statement.
China aims to build 36 million low-income housing units in the five years to 2015, with a 10-million target for 2011, in an effort to stabilize runaway housing prices.
BEIJING,Mila Kunis Christian Louboutin, Aug. 5 (Xinhua) -- China's banking regulator on Friday urged banks to back the country's public housing projects by offering loans and discounts on lending rates to alleviate financing difficulties.
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The regulator encouraged banks to make syndicated loans for such projects and provide loans to local government financing vehicles.
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