• 11/11/2024

China seeks to ease household pressure, free up spending power by pushing banks to lower mortgage rates

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

Authorities say they will continue to ‘support the stable and healthy growth of the property market’ amid China’s overall economic slowdown, with one pledge to ask commercial banks to lower mortgage rates for existing borrowers.

https://www.scmp.com/economy/china-economy/article/3229759/china-seeks-ease-household-pressure-free-spending-power-pushing-banks-lower-mortgage-rates?utm_source=rss_feed