2017年CRI Home mortgage rates in China rise again

 

China has recently raised interest rates for home mortgages. 

In August, the average interest rate for first-home mortgages was 5.12%, up 2.47% month-on-month. 

It was the eighth consecutive¹ monthly increase this year. Some banks have even halted home loans.

Meanwhile the contribution of real estate to China's GDP growth was 6.2% in the first half of 2017, down from 8.2% during the same period last year.

Statistics also show that home prices in 15 major cities have declined year on year, ranging from 1.3% to 6.6% in August.

For more on the issues of property markets and government policies, the Beijing Hour’s Shane Bigham spoke² earlier with Cao Can, CRI's financial analyst³.

1 consecutive   

adj.连续的，联贯的，始终一贯的

参考例句：

• It has rained for four consecutive days.已连续下了四天雨。
• The policy of our Party is consecutive.我党的政策始终如一。

2 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

3 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。