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. Last Updated: 07/27/2016

China Plugs Mortgages

BEIJING -- China's central bank will encourage more lending for home mortgages and to farmers and small high-tech and service businesses to help stimulate the economy, the nation's top banker said Thursday.

Dai Xianglong, governor of the People's Bank of China, also sketched out banking reforms planned to help make China's banks more competitive after China's entry to the World Trade Organization paves the way for foreign competitors to enter the market.