Biz China Weekly: Home prices, foreign trade, auto sales, new yuan loans

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BEIJING, Jan. 16 (Xinhua) -- The following are the highlights of China's business news from the past week:


China continued to see a generally stable housing market in December, with home prices in 70 major cities showing mild month-on-month increases, according to data from the National Bureau of Statistics.

New home prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- rose 0.3 percent month on month in December, compared with a 0.2-percent increase registered in November.


China's total goods imports and exports expanded 1.9 percent year on year to 32.16 trillion yuan (about 5 trillion U.S. dollars) in 2020, hitting a record high despite a worldwide slump in shipments, according to the General Administration of Customs.

Exports rose 4 percent, while imports went down 0.7 percent. In December alone, exports surged by 10.9 percent year on year in yuan terms.


China's auto market saw a forecast-beating performance in 2020 despite the impact of the COVID-19 epidemic, thanks to policy support and a strong recovery in consumer demand, data from an industry association showed.

The number of automobiles sold in the country totaled 25.31 million last year, down 1.9 percent year on year, narrowing 6.3 percentage points from the decline seen in 2019, according to the China Association of Automobile Manufacturers.


China's new yuan loans saw steady growth in 2020 as the country continued to keep liquidity at a reasonable and ample level amid efforts to bolster economic recovery.

New yuan-denominated loans totaled 19.63 trillion yuan in 2020, up by 2.82 trillion yuan year on year, according to data from the central bank. Enditem

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