Reuters

China tightens its real estate lending practices in the Uighur Autonomous Region.

In Aksu, a city in the Uighur Autonomous Region of China, two women disassemble an old building in a residential neighborhood. The city once had a red-hot housing market. That has changed over the last two years, as Chinese officials tightened lending standards. Lending dropped 54 percent from the same time last year.

Photo credit: Reuters

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