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Lending for the purchase of properties in China grew by 2.6% in January to $4.61 billion, compared with the 0.6% growth in December. A significant part of the increase was accounted for by loans for purchase of residential properties.

Gross loans made in January increased both in number (to 368 from 282) and in amount (to $168 million from $121 million).

New loans approved in January also rose both in number (to 242 from 213) and in amount (to $186 million from $179 million).

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