Outstanding loans reach 70 trln yuan

The balance of outstanding yuan-denominated loans stood at 70.28 trillion yuan ($11.54 trillion) by the end of September, up 14.3 percent compared with the same period last year, the People's Bank of China said in a report on Wednesday.

The balance of outstanding loans going to the real estate sector saw a dramatic rise of 19 percent by the end of September, reaching 14.17 trillion yuan, the report said.